May 2024 Monthly Ca MockDrill

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Full-Length Current Affairs MockDrill Series
May 2024
Monthly CA PDF
(PDF in English)
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INDEX
National & States Affairs……..…………………………………………………………………………….….…5
International Affairs..………………………………………………………………………………………..…..26
Banking, Finance, Insurance & Economic Affairs..………..………………………….……….……..36
Defence Affairs….…………………………………………….….……...………………………………………..64
Sports & Games ..…………………………………………….….……...…………………………….………....70
Persons in News…………………….……………………….….……...………………………………….……..84
Arts & Cultural Affairs…….…….……………………….….……...…………………………………….…....87
Science & Technology………..…………………………………………………….…….…..…………….....106
Appointments & Resignations…………………………….……………………….……..……………......115
Awards, Rewards, Recognition & Prizes ………………………….……………….…………..….…....129
Meetings, Conferences and Summits…………………………….…………………….…..…….….…..131
Ranks, Reports & Surveys…………………………………………………………………..…….…….….…139
Amount & Agreements……………………………………….……………………………….…………..…...157
MoUs, Collaborations & Parterships….………………….…………………………..…………….…....159
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National & States Affairs
1. The Department of Pension and Pensioners Welfare (DoPPW), under the Ministry of Personnel, Public Grievances &
Pensions, launched the “Integrated Pensioners Portal of Bank of India” to ensure Ease of Living of Pensioners. With this
integration, the pensioners of Bank of India have a single stop for services like pension slip, status of submission of Life
Certificate, Due and Drawn statement and Form-16 through the Integrated Pensioners’ Portal. Pension Portals of all Pension
Disbursing Banks will be integrated in the Integrated Pensioners’ Portal of DoPPW, called “Bhavishya” portal. The task of
Integration of Pension Portal of SBI, Bank of Baroda, Punjab National Bank and Canara Bank with Bhavishya portal has been
completed. In line with the objective of transparency, digitization and service delivery, the ‘Bhavishya’ platform has ensured
end-to-end digitization of the Pension processing and payment which commences from the retiree filing his/her papers
online till issue of the PPO in electronic format and going into the Digilocker. The ‘Bhavishya’ platform, an integrated online
pension processing system, was made mandatory for all central government departments w.e.f. from January 1, 2017. This
system is at present being successfully implemented in 98 Ministries/ Departments. {Read more}
Smart Points:
• DoPPW – launched “Integrated Pensioners Portal of Bank of India” to ensure Ease of Living of Pensioners
• Pension Portals of all Pension Disbursing Banks will be integrated in the “Bhavishya” portal, an Integrated Pensioners’
Portal of DoPPW
• Pension Portals of SBI, BoB, PNB & Canara Bank are integrated with Bhavishya portal
• ‘Bhavishya’ platform:
- made mandatory for all central government departments w.e.f. from January 1, 2017
- At present, it is being successfully implemented in 98 Ministries/ Departments
• DoPPW – works under the Ministry of Personnel, Public Grievances & Pensions
• HQs of BOI – Mumbai, Maharashtra | CEO – Rajneesh Karnatak | Tagline – “Relationship Beyond Banking”
2. The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the sector, announced that the Ministry of
Finance has extended “Authorised Economic Operator (AEO)” status to the gem and jewellery sector. The AEO programme
was introduced as pilot project in 2011 by the Customs department as part of a broader framework for ease of doing
business, which has been instrumental in simplifying export operations across various sectors. The AEO is a programme
under the World Customs Organisation (WCO) SAFE Framework of Standards to secure and facilitate global trade. The aim
is to enhance international supply chain security and facilitate movement of legitimate goods. Out of the 20 companies
which had applied for the AEO status, Asian Star, a diamond jewellery manufacturer, was granted AEO status, making it the
first in the Indian gem and jewellery industry to receive the certificate. {Read more}
Smart Points:
• Ministry of Finance – extended “Authorised Economic Operator (AEO)” status to gem & jewellery sector
• AEO programme – introduced as pilot project in 2011 by Customs Dept. for ease of doing business
• AEO – programme under ‘World Customs Organisation SAFE Framework of Standards’
• Aim: To enhance international supply chain security & facilitate movement of legitimate goods
• Asian Star (a diamond jewellery manufacturer) – became first to receive AEO status
• HQs of GJEPC – Mumbai, Maharashtra | Chairman – Vipul Shah
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3. A group of experts have written to the National Commission of Scheduled Tribes (NCST) highlighting how the Great
Nicobar Project will be harmful for the region’s indigenous population. More than half of the area of the Rs 72,000 crore
‘Great Nicobar Project’ planned in the Great Nicobar Island lies over the Tribal Reserve Area. The diversion of such area for
the project violates constitutional mandate as well. The mega infrastructure project, titled “Holistic Development of Great
Nicobar”, piloted by government think tank NITI Aayog and implemented by the Port Blair-based Andaman and Nicobar
Islands Integrated Development Corporation (ANIIDCO), involves the construction of a transshipment port, an international
airport, a township and a power plant. The final environmental clearance by the Union Ministry of Environment, Forest and
Climate Change (MoEFCC) was given in November 2022. {Read more}
Smart Points:
• A group of experts wrote to NCST about harmful effects of “Holistic Development of Great Nicobar”
• The project is piloted by – NITI Aayog | Implemented by – ANIIDCO (Port-Blair) | Project outlay – Rs 72,000 Cr
• More than half of area of the project lies over Tribal Reserve Area
• Andaman & Nicobar Islands: Capital – Port Blair | Lt. Governor – Admiral Devendra Kumar Joshi
4. The Confederation of Indian Industry (CII) has launched a ‘Corporate Governance Charter
for Startups’. It will provide suggestions on Corporate Governance tailored for startups and
offer guidelines suitable for different stages of a startup which is aiming to enhance
governance practices. The charter includes an online self-evaluative governance scorecard
that startups can use to evaluate their current governance status and its improvement over
time. The tool allows startups to measure their governance progress. The guidance provided
to startups will be structured across four key stages: inception, progression, growth and
going public. Kunal Bahl is the Chairman of CII National Startup Council. {Read more}
Smart Points:
• CII – launched a ‘Corporate Governance Charter for Startups’
• Aim: To provide suggestions on corporate governance for startups & to enhance governance practices
• Key Features:
- allows to evaluate their current governance status & its improvement over time
- allows startups to measure their governance progress effectively
- structured across 4 key stages, i.e., inception, progression, growth & going public
• Kunal Bahl – Chairman of CII National Startup Council
• HQs of CII – New Delhi | President – R. Dinesh | VP – Rajiv Memani | DG – Chandrajit Banerjee
5. The Narcotics Control Bureau (NCB), in a joint operation titled “Operation Prayogshala” with the Gujarat Anti-Terrorist
Squad (ATS), has busted 3 clandestine drug manufacturing labs in Gujarat and Rajasthan and seized drugs worth
approximately Rs 300 crore. The police have recovered 149 kg mephedrone in powder and liquid forms, along with 50 kg
Ephedrine and 200 litre of Acetone in the overnight operation. {Read more}
Smart Points:
• NCB + ATS (Guj) = busted 3 clandestine drug manufacturing labs in Gujarat & Rajasthan under “Operation Prayogshala”
• They seized drugs worth Rs 300 Cr (149 kg of Mephedrone, 50 kg of Ephedrine, 200 litre of Acetone)
• HQs of NCB – New Delhi | DG – Satya Narayan Pradhan
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6. Hyderabad-based Megha Engineering and Infrastructure (MEIL) has bagged a 2,000-MW Sharavathi Pumped Storage
Power Project in Karnataka. Karnataka aims to solve the power crisis in the state through this huge budget project, entailing
an investment of Rs 8,000 crore. It is India’s largest pump storage power generation unit. The Sharavathi river is a vital
source of hydroelectric power in Karnataka. {Read more}
Smart Points:
• MEIL (Hyderabad) – bagged a 2,000-MW ‘Sharavathi Pumped Storage Power Project’ in Karnataka
• Aim: To solve power crisis in Karnataka through this huge budget project | Project outlay – Rs 8,000 Cr
• It is India’s largest pump storage power generation unit | Sharavathi river – in Karnataka
• Karnataka: Capital – Bangalore | CM – Siddaramaiah | Governor – Thaawarchand Gehlot
• HQs of MEIL – Hyderabad, Telangana | MD – Krishna Reddy | Founded in – 1989
7. Adani Green Energy Ltd (AGEL) has secured $400 million in financing from a consortium of 5
international banks for its 750 MW solar projects in Rajasthan and Gujarat. One of the projects
is being developed in Rajasthan with 500 MW capacity and has a long-term power purchase
agreement (PPA) with the Solar Energy Corporation of India (SECI). The second project, with 250
MW capacity, is a standalone merchant power project being implemented at the world’s largest
renewable energy (RE) cluster in Khavda, Gujarat. The consortium of lenders includes Cooperative Rabobank U.A., DBS Bank
Ltd., Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation. AGEL has 10,934 MW operational
portfolio, largest in India, comprising 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. {Read
more}
Smart Points:
• AGEL – secured $400 mn from consortium of 5 international banks for its 750 MW solar projects in Rajasthan & Gujarat
• Two projects:
- Rajasthan (500 MW) – has a long-term PPA with SECI
- Khavda, Gujarat (250 MW) – standalone merchant power project at world’s largest RE cluster
• 5 Lenders = Rabobank + DBS Bank + Intesa Sanpaolo + MUFG + SMBC
• AGEL has 10,934 MW operational portfolio, largest in India (7,393 MW solar + 1,401 MW wind + 2,140 MW hybrid)
• HQs of AGEL – Ahmedabad, Gujarat | CEO – Amit Singh
8. India has started the process of unifying its 4 airspace regions into one spanning the entire nation in order to streamline
and enhance air traffic management, under the project named “ISHAN (Indian Single Sky Harmonized Air Traffic
Management at Nagpur)”. In March, the Airports Authority of India (AAI) invited expressions of interest (EoI) for the
preparation of a detailed project report for the ‘Mission ISHAN’. Unifying India’s four airspace regions into one, controlled
from Nagpur, is expected to make air traffic operations more efficient, safer and seamless, enabling it to handle more
capacity. This airspace is controlled through four flight information regions (FIRs) at Delhi, Mumbai, Kolkata, and Chennai,
and a sub-flight information region at Guwahati. By 2030, the aviation industry expects domestic passenger traffic to double
to 300 million. {Read more}
Smart Points:
• India – started the process of unifying its 4 airspace regions into one (Nagpur), under project “ISHAN”
• ISHAN – Indian Single Sky Harmonized Air Traffic Management at Nagpur
• Currently, this airspace is controlled through 4 flight information regions at – Delhi, Mumbai, Kolkata & Chennai
• Aviation industry expects domestic passenger traffic to double to 300 million by 2030
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9. A unique Digital Water Distribution System for agricultural fields has been launched in Rajasthan’s
Sriganganagar district to facilitate the supply of irrigation water on a predetermined schedule. The
new system, developed by the National Informatics Centre (NIC), Jaipur, will enable the farmers to
know of the status of water reaching their fields and minimise the scope for human error often
reported in the manual system. With the process of ‘barabandi’ (fixed turn) becoming online, the
information about irrigation schedule for the farms from the canal’s distributaries can be obtained
from anywhere. The farmers will be able to get their irrigation turn slips through the dedicated portal. {Read more}
Smart Points:
• A unique Digital Water Distribution System for agricultural fields – launched in Sriganganagar, Rajasthan
• Aim: To facilitate supply of irrigation water on a predetermined schedule | Developed by – NIC, Jaipur
• HQs of NIC – New Delhi | DG – Rajesh Gera | Established in – 1976
• Rajasthan: Capital – Jaipur | CM – Bhajan Lal Sharma | Governor – Kalraj Mishra
10. Micron India plans to launch the first set of ‘made in India’ Semiconductor Chips, packaged
at its Sanand facility in Gujarat. The chips to be packaged at the Sanand unit will mainly be
utilized in data centers, smartphones, notebooks, internet-of-things devices, and the
automotive segments. The total investment in the Sanand-based plant, which was announced
as India’s first semiconductor chip packaging unit in 2023, is planned to be $2.75 billion, with
the company investing $825 million. Idaho-based Micron Technology is an American producer of computer memory and
computer data storage. Anand Ramamoorthy is the MD of Micron India. {Read more}
Smart Points:
• Micron India – to launch first set of ‘made in India’ Semiconductor Chips, packaged at its Sanand facility in Gujarat
• Sanand-based plant – announced as India’s first semiconductor chip packaging unit in 2023 | Outlay – $2.75 billion
• HQs of Micron Technology – Idaho, US | CEO – Sanjay Mehrotra | MD of Micron India – Anand Ramamoorthy
11. The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a
study on the impact evaluation of Geographical Indication (GI) products to Symbiosis School
of Economics. This particular study will enable NABARD to analyse the benefits accrued to
artisans/producers because of the GI tags over the years. As of today, 144 products
supported by NABARD, are GI tagged. The first product that received a GI tag with support
from NABARD, was Pochampally Ikat from Telangana. According to details shared by
NABARD, so far, it has sanctioned projects for registration of 15,820 producers/manufacturers of GI products as authorised
users. Some of the products for which artisans have registered as authorised users, include Banaras Brocades and Sarees
(Uttar Pradesh), Blue Pottery of Jaipur (Rajasthan), Ilkal Saree (Karnataka), Jalna Sweet Orange (Maharashtra), Nakshi Kantha
(West Bengal), etc. {Read more}
Smart Points:
• NABARD sanctioned a study on impact evaluation of GI products to – Symbiosis School of Economics
• It will enable NABARD to analyse benefits accrued to artisans/producers because of GI tags over the years
• As of today, 144 products supported by NABARD, are GI tagged
- 1st such product – Pochampally Ikat (Telangana)
• NABARD has sanctioned projects for registration of 15,820 producers of GI products as Authorised Users
• HQs of NABARD – Mumbai, Maharashtra | Chairman – Shaji K. V. | Founded in – 1982
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12. The Supreme Court has reserved 33% (one-third) of the seats in the executive committee of the Supreme Court Bar
Association (SCBA) for women. Accordingly, a minimum of 3 out of 9 positions in the Executive Committee and 2 of 6 Senior
Executive Member posts will be reserved for women. The SC further stated that at least one post of the Office-Bearer shall
be reserved for women candidates exclusively by turn and on rotation basis. {Read more}
Smart Points:
• SC – reserved 33% of the seats in the executive committee of the Supreme Court Bar Association (SCBA) for women
• One post of the Office-Bearer shall be reserved for women candidates exclusively by turn and on rotation basis
• Present CJI of Supreme Court – Justice Dhananjaya Y. Chandrachud (50th) | Established on – Jan 28, 1950
13. K. Sanjay Murthy, Secretary of Department of Higher Education, under Ministry of Education, has launched the “Capacity
Building on Design and Entrepreneurship (CBDE)” program for Higher Education Institutes (HEIs). The capacity building
program is designed to equip identified HEIs and faculty members to focus on design and entrepreneurship development in
their institution with the support of mentors from industry. More than 130 participants virtually attended the meeting. 30
HEIs have been selected through a process anchored by the Indian Institute of Information Technology, Design and
Manufacturing (IIITDM), Kancheepuram. A Malaviya Mission Teacher Training Center (MMTTC) is the nodal center for the
program. Manoj Kohli is the Chairperson of Program Advisory Council, CBDE. {Read more}
Smart Points:
• MoE – launched “Capacity Building on Design and Entrepreneurship (CBDE)” program for Higher Education Institutes
• 30 HEIs have been selected through a process, anchored by IIITDM Kancheepuram
• Nodal center for the program – Malaviya Mission Teacher Training Center (MMTTC)
• Minister of Education: Dharmendra Pradhan | Constituency – Madhya Pradesh
• MoS in Ministry of Education: Subhas Sarkar
14. The government is planning to introduce the draft “Explosives Bill, 2024”, as a replacement for the “Explosives Act,
1884”, which it aims to revoke. The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed raising
fines for violation of regulations and enhancing the efficiency of licensing procedures. Explosives encompass gunpowder,
nitroglycerin, nitroglycol, dinitrotoluene, and picric acid. According to the proposed Explosives Bill 2024, the Union
government will designate the authority responsible for granting, suspending, or revoking licences. Currently, the Petroleum
and Explosives Safety Organisation (PESO), operating under the DPIIT, is the regulatory body responsible for issuing licences
for the manufacture, possession, use, sale, import, and export of any explosive material. Under the provisions of the draft
bill, if a licensee engages in manufacturing, importing, or exporting in violation of any regulations, they may face
imprisonment for up to 3 years, a fine of Rs 1,00,000, or both. In contrast, the current Explosives Act stipulates a prison term
of 3 years and a fine of Rs 50,000 for such violations. Under the provisions of the new bill, if someone is found in possession,
using, selling, or transporting any explosive in violation of the regulations, they may face imprisonment for up to 2 years, a
fine of Rs 50,000, or both. In the current legislation, the fine stands at Rs 3,000. {Read more}
Smart Points:
• Government plans to introduce the draft “Explosives Bill, 2024”, to replace the “Explosives Act, 1884”
• DPIIT has proposed raising fines for violation of regulations & enhancing the efficiency of licensing procedures
• PESO (under DPIIT) – is the regulatory body responsible for issuing licences for the manufacture, possession, use, sale,
import, and export of any explosive material
• Under the provisions of the draft bill:
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- if a licensee engages in manufacturing, importing, or exporting in violation of any regulations, they may face
imprisonment for up to 3 years, a fine of Rs 1,00,000, or both
- if someone is found in possession, using, selling, or transporting any explosive in violation of the regulations, they
may face imprisonment for up to 2 years, a fine of Rs 50,000, or both
• HQs of DPIIT – New Delhi | Director – Pratima Singh | Founded in – 1995 (Functions under Ministry of C&I)
15. Bajaj Auto announced to launch world’s first CNG-powered motorcycle on June 18, 2024. With
this upcoming model, Bajaj will be aiming to cater to cost-conscious customers amidst rising fuel
prices by introducing a portfolio of CNG-powered motorcycles. The prototype of Bajaj’s CNG
motorcycle resembles a typical commuter bike. It features halogen turn indicators, telescopic forks,
and a monoshock unit for suspension. {Read more}
Smart Points:
• Bajaj Auto – to launch world’s first CNG-powered motorcycle (in June’24)
• HQs of Bajaj Auto – Pune, Maharashtra | CEO – Rajiv Bajaj
16. The Department of Telecommunications (DoT), under Ministry of Communications, organised the first-of-its-kind
“Telecom Design Collaboration Sprint” at IIIT Bangalore to bring together 15 leading startups/MSME in the Radio Access
Network (RAN), core ecosystems, institutions such as IIT Madras, C-DOT, IIT Delhi and other network entities. The sprint was
driven by three primary objectives: Leveraging collective strengths, Fostering holistic solutions, and Creating market
opportunities. The DoT aims at creating a robust and forward-looking mobile telecom stack with an emphasis on advancing
towards 6G technology. {Read more}
Smart Points:
• DoT – organised first-of-its-kind “Telecom Design Collaboration Sprint” at IIIT Bangalore
• Primary objectives: Leveraging collective strengths, Fostering holistic solutions & Creating market opportunities
• Minister of Communications: Ashwini Vaishnaw | Constituency – Odisha
MoS in Ministry of Communications: Devusinh Chauhan
17. Ministry of Tourism took part in the “Arabian Travel Mart 2024”, held in Dubai from May 6
to 9 May 2024. Ministry of Tourism launched the “Cool Summers of India” campaign to promote
the country as a destination for tourism during the year. The campaign has been launched by
India’s government to attract tourism in the Middle East. The campaign aims to highlight the
lesser-known destinations of the country like hill resorts, including the Himalayas. {Read more}
Smart Points:
• Ministry of Tourism – took part in the “Arabian Travel Mart 2024”, held in Dubai, UAE
• Ministry of Tourism – launched the “Cool Summers of India” campaign to attract tourism in the Middle East
• Minister of Tourism: G. Kishan Reddy | Constituency – Secunderabad, Telangana
• MoS in Ministry of Tourism: Shripad Yesso Naik & Ajay Bhatt
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18. In a major boost to the natural rubber plantation drive in the North-East,
nearly 70,000 hectares (ha) have been brought under farming under the INROAD
project in 3 years. This represents one of the highest area under new plantations
in the North-East in a block of 3 years. INROAD (Indian Natural Rubber Operations
for Assisted Development), a project for supporting development of 2 lakh
hectares of rubber plantations in North-East, is being undertaken under active
mentoring of the Commerce Ministry. Automotive Tyre Manufacturers
Association (ATMA), a body of tyre manufacturers in the country, has collaborated with the Rubber Board for the project.
In the process, over 3 crore trees have been planted so far under the project benefitting nearly 80,000 beneficiaries across
93 districts in North-Eastern States. Against the target of 80,000 ha of plantation in the first three years of the INROAD
project, nearly 70,000 ha or 86% of the project target has been achieved. For the project, the industry has committed Rs
1,000 crore towards a new plantation of 2 lakh hectares and another Rs 100 crore towards improvement in quality of NR
through best practices, skilling and training. {Read more}
Smart Points:
• Nearly 70,000 hectares (ha) – brought under farming under ‘INROAD’ project in 3 years
• INROAD – Indian Natural Rubber Operations for Assisted Development | Undertaken by – Ministry of Commerce
• INROAD is a project for supporting development of 2 lakh hectares of rubber plantations in the North-East
• Automotive Tyre Manufacturers Association + Rubber Board = collaborated for this project
• In first 3 years of INROAD project, nearly 70,000 ha or 86% of project is achieved, against the target of 80,000 ha
• The industry has committed Rs 1,000 Cr towards a new plantation of 2 lakh hectares for the project
• Minister of Commerce & Industry: Piyush Goyal | Constituency – Maharashtra
• MoS in Ministry of Commerce & Industry: Anupriya Singh Patel & Som Parkash
19. Department of Consumer Affairs, under Ministry of Consumer Affairs, Food and Public Distribution, has issued a warning
regarding the “Drip Pricing”. Drip pricing is a pricing technique in which firms advertise only part of a product’s price and
reveal other charges later as the customer goes through the buying process. The additional charges can be mandatory
charges, such as hotel resort fees, or fees for optional upgrades, add-ons, local taxes or booking charges. {Read more}
Smart Points:
• Dept. of Consumer Affairs – issued a warning regarding “Drip Pricing”
• Drip Pricing: a pricing technique in which firms advertise only part of a product’s price & reveal other charges later as
customer goes through buying process
• Ministry of Consumer Affairs, Food and Public Distribution: Piyush Goyal | Constituency – Maharashtra
MoS in Ministry of Consumer Affairs, Food and Public Distribution: Ashwini Kumar Choubey & Sadhvi Niranjan Jyoti
20. The Union Government has become the sole authority for issuing manufacturing licences for new drugs meant for
exports, withdrawing the power from state governments, amid heightened global scrutiny of Indian made drugs. The sole
licensing authority from now on will be the Central Drugs Standard Control Organisation (CDSCO), India’s apex drug
regulatory body. Manufacturers will need to obtain the NOC from the respective zonal office of the CDSCO. {Read more}
Smart Points:
• CDSCO (Union Govt) – became sole authority for issuing manufacturing licences for new drugs for exports
• It withdrew this power from State Govts, amid heightened global scrutiny of Indian made drugs
• HQs of CDSCO – New Delhi | DGCI – Dr. Rajeev Singh Raghuvanshi
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21. Infosys has been certified with ‘ISO 42001:2023 Certification’, world’s first international standard on AI management
systems, by TUV India, a leading independent provider of technical quality and safety services. Infosys is among the first IT
services companies globally to have earned the certification for implementing an Artificial Intelligence Management System
(AIMS) framework that fosters responsible AI practices and adherence to regulatory requirements for enhanced efficiency
and accountability in AI initiatives. This AIMS framework is a part of Infosys Topaz Responsible AI Suite, a set of 10+ offerings
built around the Scan, Shield, and Steer framework. {Read more}
Smart Points:
• Infosys – certified with ‘ISO 42001:2023 Certification’, world’s first international standard on AI management systems
• TUV India – certifies standard on AI management systems
• Infosys – among first IT services companies globally to have earned certification to implement an AIMS framework
• AIMS framework is a part of ‘Infosys Topaz Responsible AI Suite’
• HQs of Infosys – Bengaluru, Karnataka | MD & CEO – Salil Parekh | Chairman – Nandan Nilekani | Founded – 1981
22. Krishikalpa, a not-for-profit organisation dedicated to empowering Farmer Producer Organisations (FPOs), has launched
an accelerator programme designed specifically for FPOs in Bengaluru, Karnataka. Claimed to be the country’s first ever such
initiative, the programme is supported by NABARD (National Bank for Agriculture and Rural Development), and aims to
transform FPOs into sustainable rural businesses, driving positive change in the agricultural ecosystem. The program
recognises the critical role FPOs play in connecting farmers with markets and resources. {Read more}
Smart Points:
• Krishikalpa – launched an accelerator programme designed specifically for FPOs in Bengaluru, Karnataka
• It is supported by – NABARD | Claimed to be the country’s first ever such initiative
• Aim: To transform FPOs into sustainable rural businesses, driving positive change in agricultural ecosystem
• HQs of Krishikalpa – Bengaluru, Karnataka | Director – Ashok Kumar Meda
23. The Delhi Electricity Regulatory Commission (DERC) has granted regulatory
approval to India’s 1st commercial Battery Energy Storage System (BESS) project.
The project is developed in partnership with IndiGrid and BSES Rajdhani Power
Limited (BRPL) and supported by The Global Energy Alliance for People and
Planet’s (GEAPP) concessional loan amounting to 70% of the total project cost. The
approved project, a 20 MW/40 MWh BESS, will be strategically installed at BRPL’s
33/11 kV Kilokari substation and is on track to be the fastest BESS project to be
commissioned, with a record time of 18-20 months. GEAPP is targeting 1 GW of BESS commitments in India by 2026, aligning
with India’s ambitious goal of deploying 47 GW of BESS by 2032. The project SPV - Kilokari BESS Pvt Ltd will be paid by BRPL
through a fixed-capacity tariff. The SPV is owned by IndiGrid and Ampere-hour Energy. Saurabh Kumar is the Vice President
of GEAPP, India. {Read more}
Smart Points:
• DERC – granted regulatory approval to India’s 1st commercial Battery Energy Storage System (BESS) project
• Developed with = IndiGrid + BSES Rajdhani Power Ltd
• Supported by – Global Energy Alliance for People & Planet’s concessional loan (amounting to 70% of total cost)
• It is a 20 MW/40 MWh BESS project to be installed at BRPL’s 33/11 kV Kilokari substation
• GEAPP is targeting 1 GW of BESS commitments in India by 2026 (India’s goal of deploying 47 GW of BESS by 2032)
• HQs of GEAPP – London, UK | CEO – Woochong Um | VP – Saurabh Kumar
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24. Tamil Nadu government has taken steps to denotify the boundaries of the Pulicat
Bird Sanctuary, which includes 13 revenue villages. This will exclude the villages and
thereby reduce the sanctuary’s eco-sensitive zone. The sanctuary is located in Andhra
Pradesh. The Pulicat Lake, the second largest brackish water lagoon in India after
Chilika, spreads across Andhra Pradesh and Tamil Nadu. Most of the lake falls in
Andhra Pradesh and less than 20% in Tiruvallur district of Tamil Nadu. In 1980, the
bird sanctuary was notified under Section 18 of the ‘Wild Life (Protection) Act, 1972’. {Read more}
Smart Points:
• Tamil Nadu – to denotify boundaries of the Pulicat Bird Sanctuary, which includes 13 revenue villages
• The sanctuary is located in – Andhra Pradesh
• Pulicat Lake (AP & TN) – 2nd largest brackish water lagoon in India | Largest – Chilika (Odisha)
• This bird sanctuary was notified under Section 18 of the ‘Wild Life (Protection) Act, 1972’ in 1980
• Tamil Nadu: Capital – Chennai | CM – Muthuvel Karunanidhi Stalin | Governor – Ravindra Narayan Ravi
25. Google Arts & Culture, in collaboration with Ministry of Agriculture and Farmers Welfare,
launched a new digital exhibit, “Millets: Seeds of Change”. The digital exhibition highlights
the history of millets from ancient grains to modern-day superfoods, as well as their
nutritional benefits, contribution to global climate resilience, and potential to address global
food security challenges. Amit Sood is the Director of Google Arts & Culture. {Read more}
Smart Points:
• Google Arts & Culture + MoAFW = launched a new digital exhibit, “Millets: Seeds of Change”
• Director of Google Arts & Culture – Amit Sood
• Minister of Agriculture & Farmers Welfare: Arjun Munda | Constituency – Khunti, Jharkhand
MoS in Ministry of Agriculture & Farmers Welfare: Shobha Karandlaje & Kailash Choudhary
26. The Indian Air Force (IAF), for the first time, has tested “BHISHM” portable cubes at Agra
for airdrops from the aircraft. This test was performed so that the portable hospital can be
deployed to cater to emergencies anywhere. BHISHM portable cubes are a part of the
broader initiative named “Project BHISHM” (Bharat Health Initiative for Sahyog, Hita and
Maitri), which is tailored to treat up to 200 casualties, emphasising rapid response and
comprehensive care. It also integrates Artificial Intelligence (AI) and data analytics to facilitate
effective coordination, real-time monitoring, and efficient management of medical services
in the field. The whole unit contains 72 easily transportable components that can be conveniently carried by hand, cycle, or
even drone, providing unmatched flexibility. {Read more}
Smart Points:
• IAF – tested “BHISHM” portable cubes at Agra for airdrops from aircraft to cater to emergencies anywhere
• BHISHM – Bharat Health Initiative for Sahyog, Hita and Maitri
• It is a part of “Project BHISHM,” tailored to treat up to 200 casualties, emphasising rapid response & care
• It also integrates AI & data analytics to facilitate effective coordination, real-time monitoring & efficient management
of medical services in field | Whole unit contains 72 easily transportable components
• HQs of IAF – New Delhi | Chief – Air Marshal Vivek Ram Chaudhari | Vice Chief – Air Marshal Amar Preet Singh
https:// /#
27. Chief Justice of India DY Chandrachud represented India’s Supreme Court at the “J20 Summit” held in Brazil. The J20
Summit, overseen and coordinated by Brazil’s Federal Supreme Court (STF), brings together presidents from the Supreme
and Constitutional Courts of G20 member countries, as well as representatives from the African Union and the European
Union. This event facilitates discussions on critical topics including social justice, environmental sustainability, and the
integration of technology for improved judicial efficiency. CJI Chandrachud said, in India, “SUVAS” (Supreme Court Vidhik
Anuvaad Software), a machine learning, AI-enabled translation tool, has been used for the judgements of 16 regional
languages. So far, over 36,000 cases have been translated. Easy access to the judgements of the Supreme Court is provided
through ‘Digital SCR (Supreme Court Records)’, where over 30,000 old judgements are available for free. {Read more}
Smart Points:
• “J20 Summit” – held in Brazil | Overseen & coordinated by – Brazil’s Federal Supreme Court
• India’s Supreme Court – represented by Chief Justice of India DY Chandrachud
• SUVAS (Supreme Court Vidhik Anuvaad Software) – is used for judgements of 16 regional languages
• Over 30,000 old judgements are available for free on – Digital SCR (Supreme Court Records)
• Present CJI of Supreme Court – Justice Dhananjaya Y. Chandrachud (50th) | Established on – Jan 28, 1950
28. Ministry of Home Affairs has imposed a ban on the Liberation Tigers of Tamil Eelam (LTTE) for 5 more
years, under the sub-sections (1) and (3) of section 3 of the ‘Unlawful Activities (Prevention) Act, 1967’.
The ban is imposed as it continues to foster a separatist tendency amongst the masses and enhance the
support base for it in India, particularly in Tamil Nadu. {Read more}
Smart Points:
• MHA – imposed a ban on Liberation Tigers of Tamil Eelam (LTTE) for 5 more years
• Ban imposed under – Sub-sections (1) & (3) of section 3 of ‘Unlawful Activities (Prevention) Act, 1967’
• Minister of Home Affairs & Cooperation: Amit Shah | Constituency – Gandhinagar, Gujarat
MoS in Ministry of Home Affairs: Nityanand Rai, Ajay Kumar & Nisith Pramanik
29. Logistics startup, Porter, has become the 3rd Unicorn in 2024. PeakXV-
backed Porter’s earlier valuation was $514 million, after it raised $101 million in
a Series E round from investors such as Tiger Global, Vitruvian Partners, Lightrock
India and more. Bengaluru-based company, founded by Pranav Goel, Uttam
Digga and Vikas Choudhary, offers last-mile delivery services by providing light
commercial vehicles. Earlier this year, fintech firm Perfios and Ola’s AI venture
Krutrim had turned unicorns. As per Tracxn, there were 113 unicorns in India as of earlier this month. {Read more}
Smart Points:
• Porter (backed by PeakXV) – became 3rd Unicorn in 2024 | 1st – Krutrim (Ola’s AI venture) | 2nd – Perfios (fintech firm)
• As per Tracxn, there were 113 unicorns in India as of May 2024
• HQs of Porter – Bengaluru, Karnataka | Founders – Pranav Goel, Uttam Digga & Vikas Choudhary
https:// /#
30. The 4-day “IndiaSkills Competition 2024”, the country’s biggest skill competition
designed to demonstrate the highest standards of skilling, is all set to commence.
Ministry of Skill Development and Entrepreneurship (MSDE) has organised an
inauguration ceremony at Yashobhoomi, Dwarka, New Delhi, which witnessed the
participation of over 900 students from more than 30 states and Union Territories and
over 400 industry experts. The competition allowed participants to showcase their
diverse skills and talent on a national platform across 61 skills, from traditional crafts to
cutting-edge technologies. While 47 skills competitions will be held onsite, 14 will be held offsite in Karnataka, Haryana,
Uttar Pradesh, and Gujarat keeping in mind the availability of best infrastructure. Winners of IndiaSkills, with the help of the
best industry trainers, will get prepared for the ‘WorldSkills Competition’ scheduled to take place in Lyon, France in
September 2024, which will bring together 1,500 competitors from over 70 countries. {Read more}
Smart Points:
• “IndiaSkills Competition 2024 – organised by MSDE in New Delhi
• The competition allowed participants to showcase their diverse skills & talent on a national platform across 61 skills
• Winners of IndiaSkills will get prepared for the ‘WorldSkills Competition’ – to take place in Lyon, France (in Sep’24)
• Minister of Skill Development & Entrepreneurship: Dharmendra Pradhan | Constituency – Madhya Pradesh
MoS in Ministry of Skill Development & Entrepreneurship: Rajeev Chandrasekhar
31. Indian Space Research Organization (ISRO) Chairman S Somanath has unveiled the ‘Zero
Emission’ initiative of SFO Technologies, the flagship company of the NeST Group. The
initiative follows the United Nations’ objective of achieving a 50% reduction by 2035 and
zero emissions by 2040. Besides planting a sapling at the first private SEZ in India, NeST
HiTek Park to mark the occasion, he also unveiled a replica of Chandrayaan at the campus
highlighting the cooperation of SFO Technologies and ISRO. The Indian space sector is
poised to become a $9-10 billion business in the next 5-10 years from the current levels of
$2 billion. Nazneen Jehangir is the CEO of NeST Group. {Read more}
Smart Points:
• ISRO – unveiled the ‘Zero Emission’ initiative of SFO Technologies (a flagship company of NeST Group)
• The initiative follows the UN’s objective of achieving a 50% reduction by 2035 and zero emissions by 2040
• Indian space sector is poised to become a $9-10 billion business in the next 5-10 years, from $2 billion at present
• HQs of NeST Group – Kochi, Kerala | CEO – Nazneen Jehangir
• HQs of ISRO – Bengaluru, Karnataka | Director – S. Somanath | Formed on – August 15, 1969
32. Mazagon Dock Shipbuilders Limited (MDL) celebrated its 250th Foundation Day on
May 14, 2024. To mark the day, a series of events were organised in Mumbai. The MDL has
successfully completed the platform design and hull of the midget submarine named
‘Arowana’ which was launched by Defence Secretary Giridhar Aramane. A 24-passenger
Fuel Cell Electric Ferry named ‘SUCHI’, conceptualised by MDL was also commissioned.
The Defence Secretary also commissioned the Solar Electric Hybrid boat with top speed
of 11 Knots designed and co-developed with indigenous technology partner. Giridhar Aramane also inaugurated the Technical
Seminar on ‘Emerging Technologies and Future of Shipbuilding’. To commemorate 250 years of MDL’s existence, he released a
coin, issued by RBI, crafted to honor the rich history & enriching legacy of the shipyard. {Read more}
https:// /#
Smart Points:
• May 14 –250th Foundation Day of Mazagon Dock Shipbuilders Limited (MDL)
• A series of events organised/inaugurated:
- a platform design & hull of the midget submarine named ‘Arowana’
- a 24-passenger Fuel Cell Electric Ferry named ‘SUCHI’ (conceptualised by MDL)
- a Solar Electric Hybrid boat with top speed of 11 Knots
- a coin, issued by RBI, crafted to honor the rich history & enriching legacy of the shipyard
• Giridhar Aramane – inaugurated the Technical Seminar on ‘Emerging Technologies and Future of Shipbuilding’
33. In the past 5 months, Ministry of Home Affairs (MHA) has sanctioned 113 roads under
the Vibrant Village Programme (VVP) in Arunachal Pradesh (105), Uttarakhand (5) and
Sikkim (3), to improve connectivity in areas along the China border. The government is
likely to spend over Rs 2 crore on each kilometer of road to be constructed along the
China border. The Union Cabinet approved the VVP Programme on February 15, 2023 to
cover 2,967 villages in 46 border blocks of 19 districts in Arunachal Pradesh, Himachal
Pradesh, Sikkim, Uttarakhand, and Ladakh. One of the stated objectives of the VVP is to stop migration in the population
residing along the border. Out of the Rs 4,800 crore total budget allotted for VVP for the financial years 2023-24, 2024-25
and 2025-26, more than half, that is, about Rs 2,500 crore, is to be spent on road construction. {Read more}
Smart Points:
• MHA – sanctioned 113 roads under ‘Vibrant Village Program’ in Arunachal Pradesh (105), Uttarakhand (5) & Sikkim (3)
• Aim of the sanction: To improve connectivity in areas along the China border | Cost – Rs 2 Cr per kilometer
• VVP Programme covers 2,967 villages in 46 border blocks of 19 districts in AP, HP, Sikkim, Uttarakhand, & Ladakh
• Aim of the VVP: To stop migration in the population residing along the border
• Budget allotted for VVP For FY24, FY25 & FY26 – Rs 4,800 Cr | For road construction – Rs 2,500 Cr
• Minister of Home Affairs & Cooperation: Amit Shah | Constituency – Gandhinagar, Gujarat
MoS in Ministry of Home Affairs: Nityanand Rai, Ajay Kumar & Nisith Pramanik
34. Hero MotoCorp has become the first automobile company to join the Open Network for
Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible
digital mode to customers. The Open Network will initially offer two-wheeler parts,
accessories and merchandise. Customers can easily discover ‘Hero Genuine Parts’ by using
any buyer apps on the network, such as Paytm and Mystore, among others. {Read more}
Smart Points:
• Hero MotoCorp – became first automobile company to join ONDC to enhance reach & convenience to customers
• It will initially offer two-wheeler parts, accessories & merchandise
• HQs of Hero MotoCorp – New Delhi | Executive Chairman – Pawan Munjal | CEO – Niranjan Gupta
https:// /#
35. “Hari Om”, India’s mythological OTT platform, designed to revolutionise the digital landscape, has
been announced. Spearheaded by Vibhu Agarwal, Hari Om is poised to become the ultimate destination
for experiencing Indian heritage and religious content. This one-of-a-kind mythological OTT platform that
serves as India’s first one-stop destination for cultural and religious content is all set to launch in June
2024. This OTT platform will feature long format and short format ‘U’ rated series, created for senior
citizens, children and young adults. The app will showcase an eclectic and massive line-up of more than 20 epic untold stories
and many more. {Read more}
Smart Points:
• “Hari Om”, India’s mythological OTT platform – India’s first one-stop destination for cultural & religious content
• It is poised to become ultimate destination for experiencing Indian heritage & religious content
• Spearheaded by – Vibhu Agarwal | To be launched in – June 2024
• It will feature long format & short format ‘U’ rated series, created for senior citizens, children & young adults
36. Tamil Nadu government has undertaken a project, known as ‘slope stabilisation using
soil nailing and Hydroseeding method,’ at five locations - Ketti, Kattabettu, Perar, Kudah and
Udhagamandalam - to prevent soil erosion by growing grasses. The five locations were
chosen for being prone to landslips and requiring alternative methods of slope stabilization
to prevent landslips from blocking roads in the future. ‘Soil nailing’ is a geotechnical
engineering technique that involves the insertion of reinforcing elements into the soil in a specified area to strengthen it.
While, ‘Hydroseeding’ is a process of applying a mixture of seeds, fertilizer, organic materials and water onto the soil to
facilitate the growth of grass and plant-life, that will help hold the top soil together and prevent erosion. {Read more}
Smart Points:
• ‘Slope stabilisation using soil nailing & Hydroseeding method’ – undertaken by Tamil Nadu govt at five locations
- Ketti, Kattabettu, Perar, Kudah & Udhagamandalam
• Aim: To prevent soil erosion by growing grasses
• ‘Soil nailing’ – a geotechnical engineering technique involving insertion of reinforcing elements into soil in a specified
area to strengthen it
• ‘Hydroseeding’ – a process of applying a mixture of seeds, fertilizer, organic materials & water onto soil to facilitate
growth of grass & plant-life
• Tamil Nadu: Capital – Chennai | CM – Muthuvel Karunanidhi Stalin | Governor – Ravindra Narayan Ravi
37. Exicom Tele-Systems Limited, a provider of electric vehicle (EV) charging and
Critical Power solutions in India, has launched India’s fastest DC Chargers, ‘Harmony
Gen 1.5 DC Fast Chargers’, with capacities up to 400kW. The chargers are equipped
with an advanced AI-driven remote management system. The chargers come in three
frame sizes offering modular construction that provides power outputs ranging from
60 kW to 400 kW. They comply with PAS standards, making them accessible to
physically disabled individuals. According to MarketsandMarkets, the global DC fast charging market is expected to grow at
a CAGR of 37.6% between 2020 and 2025. Anant Nahata is the CEO of Exicom. {Read more}
Smart Points:
• Exicom Tele-Systems Ltd – launched India’s fastest DC Chargers, ‘Harmony Gen 1.5 DC Fast Chargers’
• It provides power outputs from 60 kW to 400 kW & comply with PAS standards, accessible to physically disabled
https:// /#
• As per MarketsandMarkets: Global DC fast charging market is expected to grow at a CAGR of 37.6% between 2020-25
• HQs of Exicom Tele-Systems Ltd – Gurugram, Haryana | MD – Anant Nahata | Founded in – 1994
38. Ministry of Labour and Employment has boarded the “PM Gati Shakti Portal” to
identify and bridge gaps in social security coverage across the country and expand
its health infrastructure to industrial clusters as well as Special Economic Zones
(SEZs) for the benefit of workers. The aim is to leverage the infrastructure data
available on the portal to extend social security coverage to workers engaged in
existing and upcoming industrial clusters around these projects. The ministry has
geotagged 1.3 million establishments covered under the Employees’ Provident Fund
Organisation (EPFO), about 1.5 million under the Employees’ State Insurance Corporation (ESIC) and 104 ESIC hospitals for
assessing the current social security coverage and planning future expansion. Besides, the EPFO and ESIC are examining the
268 SEZs identified through the Gati Shakti platform to bring numerous workers under social security schemes. {Read more}
Smart Points:
• MoL&E – boarded “PM Gati Shakti Portal” to expand its health infrastructure to industrial clusters as well as SEZs
• Aim: To leverage infrastructure data available on portal to extend social security coverage to workers
• It geotagged following establishments to assess current social security coverage & planning future expansion:
- 1.3 million under EPFO
- 1.5 million under ESIC
- 104 ESIC hospitals
• EPFO + ESIC = examining 268 SEZs identified through Gati Shakti platform to bring numerous workers under social
security schemes
• HQs of EPFO – New Delhi | CEO – Neelam Shami Rao | Established in – 1952
• HQs of ESIC – New Delhi | DG – Rajendra Kumar
• Ministry of Labour & Employment: Bhupender Yadav | Constituency – Rajasthan
MoS in Ministry of Labour & Employment: Rameswar Teli
39. The Government of India has joined the global community in commemorating International
Sun Day, on May 3, 2024, as an annual reminder of the significant benefits of solar energy in
fostering a greener and healthier planet. On this day, the Ministry of New and Renewable Energy
(MNRE) organized a ‘Run for Sun’ Marathon at Jawaharlal Nehru Stadium, New Delhi. The ‘Run
for Sun’ Marathon, featuring 3 km and 5 km races, was designed to raise awareness about the
pivotal role of solar power in mitigating climate change and promoting a cleaner and healthier future for all. On the occasion,
the Ministry has also announced “Solart”, an All-India Intra-School Solar Art Competition, which would be an engaging and
educational way to celebrate solar energy through artistic expressions. {Read more}
Smart Points:
• India – joined global community in commemorating International Sun Day, on May 3, 2024
• MNRE – organized a ‘Run for Sun’ Marathon, featuring 3 km & 5 km races, at Jawaharlal Nehru Stadium, New Delhi
• “Solart”, an All-India Intra-School Solar Art Competition – also announced by MNRE to celebrate with artistic expressions
• Minister of Power and Ministry New & Renewable Energy: Raj Kumar Singh | Constituency – Arrah, Bihar
MoS in Ministry of Power: Krishan Pal Gurjar
https:// /#
40. JSW Steel, India’s largest producer of steel, announced to spend over Rs 19,000 crore for adding another 5 million tonnes
of capacity at its Dolvi Plant in Maharashtra, taking it to a total 15 million tonne per annum by September 2027. This
investment will take JSW Steel’s total capital expenditure to more than Rs 64,000 crore in 3 years. Pan-India, the company
aims to have a total production capacity of 42 million tonnes by 2027. The ‘National Steel Policy 2017’ envisages India’s steel
production capacity at 300 million tonne by 2030-31. {Read more}
Smart Points:
• JSW Steel – to spend over Rs 19,000 Cr for adding another 5 million tonnes of capacity at its Dolvi Plant in Maharashtra
• It will take it to a total 15 million tonne per annum by September 2027
• Pan-India, JSW Steel aims to have a total production capacity of 42 million tonnes by 2027
• The ‘National Steel Policy 2017’ envisages India’s steel production capacity at 300 million tonne by 2030-31
• HQs of JSW Steel – Mumbai | MD & CEO – Jayant Acharya
41. Rudraprayag police have initiated “Operation Maryada” to uphold the sanctity and decorum of the pilgrimage. Under
this initiative, the police are taking stringent measures against individuals who engage in misconduct, consume alcohol, or
use intoxicants within the Dham area and at Yatra halts. The police personnel have called upon the pilgrims to conduct
themselves in a dignified manner, ensuring that the sacred nature of the pilgrimage remains intact. {Read more}
Smart Points:
• Rudraprayag police – conducted “Operation Maryada” to uphold the sanctity & decorum of the pilgrimage
• Under this, police are taking stringent measures against individuals engaged in misconduct, consume alcohol, or use
intoxicants within Dham area & at Yatra halts
• Uttarakhand: Capital – Dehradun & Gairsain | CM – Pushkar Singh Dhami | Governor – Lt. Gen. Gurmit Singh
42. The Centre for Development of Telematics (C-DOT) has launched special Initiatives “NIDHI” & “STAR Program” for the
development of indigenous telecom solutions & technologies. These initiatives aim to promote a culture of synergetic
innovation for indigenous development by collaboration with academia, startup and industries to co-create indigenous
telecom products/solutions to meet telecom needs of India in strategic, rural and sectors of national importance. The
applications under “NIDHI” are open to DPIIT-recognized startups led by women. The top 10 selected startups will be
provided necessary support including funding and assistance. This will include an initial grant of Rs 10 lakh each, access to
well-furnished office space for a period of 6 months, access to tools & Lab facilities, mentorship from C-DOT technical leaders
and an opportunity for future collaboration under C-DOT Collaborative Research Program. {Read more}
Smart Points:
• C-DOT – launched “NIDHI” & “STAR Program” for development of indigenous telecom solutions & technologies
• Aim: To promote a culture of synergetic innovation for indigenous development to meet telecom needs of India
• Applications under “NIDHI” are open to DPIIT-recognized startups led by women
- Top 10 selected startups will be provided necessary support including funding & assistance
- This will include an initial grant of Rs 10 lakh each
• HQs of C-DoT – New Delhi | CEO – Rajkumar Upadhyay | C-DoT works under – DoT (Ministry of Communications)
https:// /#
43. Ministry of Women and Child Development (MWCD), for the first time, has released the National Curriculum for Early
Childhood Care and Education 2024 titled “Aadharshila,” on the lines of the National Education Policy 2020 and the National
Curriculum Framework. Aadharshila (translated as ‘Foundation Stone’) is a detailed 48-week curriculum meant for learning
in the age-group of 3 to 6-year-old children in Anganwadis. There are 14 lakh anganwadis in India which serve as nodal
points in villages for health and nutrition needs of pregnant mothers and children. The curriculum helps in developing
listening skill, vocabulary building, boosting imagination, narration, following instructions, creativity, social development,
developing self-expression and self-esteem, which will help a child to easily transition into Grade 1. Training of anganwadi
workers towards providing early childhood education started under ‘Poshan Bhi, Padhai Bhi,’ scheme by the MWCD in May
2024, and this curriculum document will now become a part of the ongoing trainings which help anganwadi workers become
pre-school instructors. {Read more}
Smart Points:
• MWCD – released “Aadharshila,” National Curriculum for Early Childhood Care & Education 2024
• ‘Aadharshila’ – a detailed 48-week curriculum meant for learning in age-group of 3 to 6-year-old children in Anganwadis
• India has 14 lakh anganwadis serving as nodal points for health & nutrition needs of pregnant mothers & children
• Training of anganwadi workers towards providing early childhood education started under ‘Poshan Bhi, Padhai Bhi’
• Minister of Women & Child Development: Smriti Irani | Constituency – Amethi, Uttar Pradesh
MoS in Ministry of Women and Child Development: Munjapara Mahendrabhai
44. The World Crafts Council International (WCCI), a Kuwait-based organisation working on recognition and preservation of
traditional crafts across the globe, has selected Srinagar for mapping its craft clusters before its final nomination as the
World Craft City (WCC) from India this year. A 3-member team of the WCCI, which is headed by Saad Al-Qaddumi, is in
Srinagar to inspect craft clusters, processes involved, and the status of artisans. The Indian National Trust for Art and Cultural
Heritage-Kashmir (INTACH-K) is collaborating with the J&K Handicrafts department to map the craft sector ahead of the final
nomination. The final announcement about the city’s inclusion is likely in the next two months. The annual ceremony to
grant WCC status to cities across the globe is aimed at “promoting, preserving and evolving handicrafts” and “building new
market linkages”. {Read more}
Smart Points:
• WCCI (Kuwait) – selected Srinagar for mapping its craft clusters before its final nomination as World Craft City from India
this year
• A 3-member team, headed by Saad Al-Qaddumi, is in Srinagar to inspect craft clusters, processes involved & status of
artisans
• INTACH-K + J&K Handicrafts dept = to map craft sector ahead of final nomination
• HQs of WCCI – Kuwait | President – Saad Al-Qaddu | Established in – 1964
45. Indian Oil Corporation Ltd (IOCL) has exported its first-ever consignment of 100 octane
premium fuel, “XP100”, to Sri Lanka. The product is tailored for premium high-end
vehicles. The shipment was flagged off at the Jawaharlal Nehru Port Trust in Mumbai. The
XP100 is domestically developed, leveraging IndianOil’s indigenous Octamax Technology.
Designed with anti-knock properties, it is engineered to enhance engine performance,
faster acceleration, smoother drivability and improved fuel economy. {Read more}
Smart Points:
• IOCL – exported its first-ever consignment of 100 octane premium fuel, “XP100”, to Sri Lanka
• It is tailored for premium high-end vehicles | Shipment – flagged off at Jawaharlal Nehru Port Trust, Mumbai
https:// /#
• XP100 is domestically developed by leveraging IndianOil’s indigenous ‘Octamax Technology’
• HQs of IOCL – New Delhi | Chairperson – Shrikant Madhav Vaidya | Founded in – 1959
46. Uttar Pradesh has become the first state in India to have created a staggering 10 crore
Ayushman Bharat Health Account (ABHA) IDs under the Ayushman Bharat Digital Mission
(ABDM). UP was followed by Maharashtra, where over 4.98 crore ABHA IDs have been created,
while Gujarat holds the third spot with over 4.48 crore ABHA IDs. ABHA is an initiative of the
National Health Authority (NHA), a health savings account launched under the Ayushman Bharat
Pradhan Mantri Jan Arogya Yojana, aiming to provide financial assistance to economically weaker
sections for their healthcare needs. Ayushman Bharat Health Account (ABHA) ID is a unique
health ID comprising a 14-digit identification number that can be generated using your Aadhaar Card. {Read more}
Smart Points:
• UP – became the first state in India to have created a staggering 10 Cr ABHA IDs under Ayushman Bharat Digital Mission
• 2nd – Maharashtra (4.98 Cr) | 3rd – Gujarat (4.48 Cr)
• ABHA is an initiative of – National Health Authority (NHA)
• ABHA ID – a unique health ID comprising of a 14-digit identification number
• HQs of NHA – New Delhi | CEO – Ram Sevak Sharma | Founded in – 2018
47. Assam has launched the “Disaster Reporting and Information Management System (DRIMS)”,
a digital platform for accurate reporting and assessment of damages caused by disasters and
disbursal of aid to those affected by them. DRIMS is a state-of-the-art initiative of the Assam State
Disaster Management Authority (ASDMA). The platform, developed in collaboration with UNICEF,
efficiently captures critical impact indicators of damages during disasters, which helps to deliver
relief and rehabilitation grants expeditiously to the affected beneficiaries. It also tracks damages to crops, and loss of
livestock, among others, expediting post-disaster restoration efforts. {Read more}
Smart Points:
• Assam – launched “DRIMS,” a digital platform for accurate reporting & assessment of damages caused by disasters &
disbursal of aid to affected persons
• DRIMS – Disaster Reporting and Information Management System | Developed by = ASDMA + UNICEF
• Assam: Capital – Dispur | CM – Himanta Biswa Sarma | Governor – Gulab Chand Kataria
48. The Food Safety and Standards Authority of India (FSSAI) has issued a stern warning to traders, fruit handlers, and Food
Business Operators (FBOs) involved in artificial ripening of fruits using calcium carbide, especially during the mango season.
This practice is strictly prohibited. The authority emphasised that using calcium carbide, a hazardous chemical, poses
significant health risks and contravenes the ‘Food Safety and Standards Act, 2006’, along with its associated rules and
regulations. By enforcing these measures, FSSAI aims to ensure the safety and health of consumers while maintaining the
integrity of the fruit market. {Read more}
Smart Points:
• FSSAI – issued a warning to traders, fruit handlers & FBOs involved in artificial ripening of fruits using calcium carbide
• Now, the use of calcium carbide to ripen fruits is strictly prohibited
• Using calcium carbide poses significant health risks & contravenes ‘Food Safety and Standards Act, 2006’
• HQs of FSSAI – New Delhi | Chairperson – Sudhansh Pant | CEO – G Kamala Vardhana Rao
https:// /#
49. Chennai-headquartered Fischer Medical Ventures (FMVL) has manufactured India’s
first indigenous Magnetic Resonance Imaging (MRI) systems. The company is also open
to making acquisitions and investments to broaden its medical imaging and medical
technology offerings. The Indian medical device industry is heavily reliant on imports,
with estimates suggesting 80-85% of devices coming from outside the country at the cost
of over Rs 63,200 crore. The company is developing its MRI systems at a production
facility in the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam. {Read more}
Smart Points:
• FMVL (Chennai) – manufactured India’s first indigenous Magnetic Resonance Imaging (MRI) systems
• India – imports almost 80-85% of medical devices at cost of over Rs 63,200 Cr
• FMVL is developing its MRI systems at a production facility in Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam
• HQs of FMVL – Chennai, Tamil Nadu | Chairman & CEO – Ravindran Govindan | Founded in – 1993
50. Ministry of Women and Child Development (MoWCD) has officially dissolved ‘Food and Nutrition Board (FNB)’ as part
of a plan for rationalisation of government bodies. The board was responsible for providing technical and logistical support
for functioning of community nutrition programmes. It was a technical wing of the MoWCD headquartered in Delhi. The
board had a wide network of offices, including 4 regional offices and as many quality control laboratories in Faridabad,
Mumbai, Kolkata and Chennai. The FNB was originally established under the Agriculture Ministry but later transferred to
the MoWCD in 1993. The Central Food Testing Laboratory in Faridabad and the Regional Food Testing Laboratory in Chennai,
both owned by the FNB, are being handed over to the Food Corporation of India (FCI) or Department of Food and Public
Distribution (DFPB). {Read more}
Smart Points:
• MoWCD – officially dissolved ‘Food and Nutrition Board (FNB)’ as part of a plan for rationalisation of government bodies
• FNB (Delhi) – had 4 regional offices & 4 laboratories in Faridabad, Mumbai, Kolkata and Chennai
• FNB was originally established under the Agriculture Ministry but later transferred to the MoWCD in 1993
• Central Food Testing Lab, Faridabad & Regional Food Testing Lab, Chennai (owned by FNB) – handed over FCI or DFPB
• Minister of Women & Child Development: Smriti Irani | Constituency – Amethi, Uttar Pradesh
MoS in Ministry of Women and Child Development: Munjapara Mahendrabhai
51. The Delhi High Court has appointed an Ad-hoc Administrative Committee (AAC), headed by former
high court judge Justice Najmi Waziri, to oversee the operations of the Equestrian Federation of India
(EFI) due to allegations of ‘impropriety’ in its management. The committee will also include former Chief
Election Commissioner SY Quraishi as observer/member and advocate Rohini Musa as member. This
decision was made in response to a petition by the Rajasthan Equestrian Association. Alleging that the EFI
was violating the National Sports Development Code, 2011 by granting voting rights to clubs and ineligible institutions, the
petitioner made this claim. {Read more}
Smart Points:
• Delhi HC appointed an Ad-hoc Administrative Committee – headed by Justice Najmi Waziri
• Aim: to oversee operations of Equestrian Federation of India due to allegations of ‘impropriety’
• The petition was filed by – Rajasthan Equestrian Association
https:// /#
52. Adani Ports and Special Economic Zone Ltd (APSEZ) will become the first Adani Group company to be included in the
Sensex at the Bombay Stock Exchange (BSE), replacing Wipro on June 24. APSEZ and Adani Enterprises, the flagship of the
Adani Group, are already part of the Nifty at the National Stock Exchange (NSE). While Sensex considers 30 stocks; the Nifty
considers 50. Companies that are included in the Sensex and Nifty are selected based on specific criteria. Launched in 1986,
the Sensex is the country’s oldest and most tracked bellwether index. {Read more}
Smart Points:
• APSEZ – will become first Adani Group company to be included in Sensex at BSE (replacing - Wipro)
• APSEZ is already part of Nifty at NSE | Stocks considered by Sensex – 30 | by Nifty – 50
• Sensex (India’s oldest & most tracked bellwether index) – launched in 1986
• HQs of APSEZ – Ahmedabad, Gujarat | CEO – Karan Adani
53. In Ladakh, the Border Roads Organisation’s (BRO) ‘Project Vijayak’ in Kargil has
successfully utilized the indigenous ‘REJUPAVE’ road construction technology.
REJUPAVE was used to construct high-altitude bituminous roads in low and sub-
zero temperatures on the Drass-Umbala-Sankoo Road, located in Drass, the world’s
second coldest inhabited place at an altitude of 13,000 feet. This technology is
developed by India’s oldest and premier road research organisation, CSIR-Central
Road Research Institute (CSIR-CRRI). Rejupave asphalt modifier is a biooil-based
product which lowers the heating requirement of bituminous mixes besides
preserving the bituminous mix temperature during transit. This technology was previously implemented by BRO to build
road sections at the world’s highest Sela Road tunnel and the LGG-Damteng-Yangste (LDY) road section near Arunachal
Pradesh’s China border at 18,000 feet. {Read more}
Smart Points:
• ‘Project Vijayak’ of BRO in Kargil – successfully utilized indigenous ‘REJUPAVE’ road construction technology
• Developed by – CSIR-CRRI | It is used to construct high-altitude bituminous roads in low & sub-zero temperature
• This technology was previously implemented by BRO to build:
- road sections at world’s highest Sela road tunnel
- LGG-Damteng-Yangste (LDY) road section (near Arunachal Pradesh’s China border at 18,000 feet)
• HQs of BRO – New Delhi | Director General – Lt Gen Raghu Srinivasan | Founded on – May 7, 1960
54. The Indian Coast Guard (ICG) has organised a ‘Pollution Response Seminar and Mock Drill’ in Haldia, West Bengal. The
event gathered key stakeholders from various agencies, along with oil handling agencies, to address the critical challenges
of combating oil spills at sea. Participants engaged in a table-top exercise, collaborating on simulated scenarios to enhance
their response capabilities and foster synergy among all involved parties. State-of-the-art pollution response equipment was
demonstrated. {Read more}
Smart Points:
• ICG – organised a ‘Pollution Response Seminar and Mock Drill’ in Haldia, West Bengal
• Aim: To address the critical challenges of combating oil spills at sea
• HQs of ICG – New Delhi | DG – Rakesh Pal | Founded in – 1977
https:// /#
55. The Centre has approved renaming of 8 railway stations in Amethi, Uttar Pradesh. A no-objection-certificate (NOC) has
been issued to rename Fursatganj Railway Station as Tapeshwarnath Dham, Kasimpur Halt as Jais City, Jais City as Guru
Gorakhnath Dham, Bani as Swami Paramhans, Misrauli as Maa Kalikan Dham, Nihalgarh as Maharaja Bijli Pasi, Akbarganj as
Maa Kalikan Dham, and Warisganj as Amar Shahid Bhale Sultan. In 2022, MHA gave NOC for change in the name of nagar
panchayat ‘Mundera Baazar’ as ‘Chauri-Chaura’ in Gorakhpur and village ‘Telia Afghan’ as ‘Telia Shukla’ in Deoria of Uttar
Pradesh. {Read more}
Smart Points:
• Centre approved renaming of 8 railway stations in Amethi, Uttar Pradesh:
- Fursatganj Railway Station – as Tapeshwarnath Dham
- Kasimpur Halt – as Jais City
- Jais City – as Guru Gorakhnath Dham
- Bani – as Swami Paramhans
- Misrauli – as Maa Kalikan Dham
- Nihalgarh – as Maharaja Bijli Pasi
- Akbarganj – as Maa Kalikan Dham
- Warisganj – as Amar Shahid Bhale Sultan
• In 2022, MHA gave NOC for change in name of:
- ‘Mundera Baazar’ nagar panchayat – as ‘Chauri-Chaura’ in Gorakhpur
- ‘Telia Afghan’ village – as ‘Telia Shukla’ in Deoria
56. India has assumed the Chair of regional grouping Colombo Process for 2024-26, for the first time since its inception in
2003. The Colombo Process is a regional consultative forum comprising 12 member states of Asia. It serves as a forum for
exchange of best practices on overseas employment. The Colombo Process is coordinated through Permanent Missions of
Member States at UN in Geneva. The Process is governed by Ministerial Consultations. So far, ministerial consultations have
been held in Colombo, Manila, Bali, Dhaka, Colombo and Kathmandu. {Read more}
Smart Points:
• India – assumed Chair of regional grouping Colombo Process for 2024-26 (first time since inception in 2003)
• Colombo Process – a regional consultative forum comprising 12 member states of Asia
• Coordinated through – Permanent Missions of Member States at UN, Geneva | Governed by – Ministerial Consultations
57. Hyderabad-based Azad Engineering has bagged a contract from Gas Turbine Research Establishment (GTRE), a DRDO
laboratory, for end-to-end manufacturing, assembly and integration of completely-assembled advanced turbo gas generator
engine. Deliveries of the first batch of the fully integrated turbo engines will begin early 2026. The engine is designed with a
single-spool turbojet setup, incorporating components such as a 4-stage axial flow compressor, an annular combustor, a
single-stage axial flow uncooled turbine, and a fixed exit area nozzle. {Read more}
Smart Points:
• Azad Engineering (Hyderabad) – bagged a contract from GTRE for end-to-end manufacturing, assembly & integration of
completely-assembled advanced turbo gas generator engine
• Gas Turbine Research Establishment (GTRE) – a DRDO laboratory – based in Bengaluru, Karnataka
• HQs of DRDO – New Delhi | Chairman – Samir V. Kamat | Established in – 1958
https:// /#
58. Hyderabad-based ICMR-National Institute of Nutrition (NIN) has released the revised “Dietary Guidelines for Indians
(DGIs)” to meet the requirements of essential nutrients and prevent Non-communicable Diseases (NCDs). The DGIs have
been drafted by a multi-disciplinary committee of experts led by Dr Hemalatha R, Director, ICMR-NIN. The revised guidelines
stated that sugar should be less than 5% of total energy intake and a balanced diet should provide not more than 45%
calories from cereals, and millets and up to 15% of calories from pulses, beans and meat. The rest of the calories should
come from nuts, vegetables, fruits and milk. Total fat intake should be less than or equal to 30% energy. Estimates show
that 56.4% of the total disease burden in India is due to unhealthy diets. Healthy diets and physical activity can reduce a
substantial proportion of coronary heart disease (CHD) and hypertension (HTN) and prevent up to 80% of type 2 diabetes.
{Read more}
Smart Points:
• “Dietary Guidelines for Indians (DGIs)” – released by ICMR-National Institute of Nutrition (Hyderabad)
• Aim: To meet the requirements of essential nutrients & prevent Non-communicable Diseases (NCDs)
• Drafted by a multi-disciplinary committee of experts led by – Dr Hemalatha R (Director, ICMR-NIN)
• It stated:
- Sugar should be less than 5% of total energy intake
- Balanced diet should provide not more than 45% calories from cereals & millets
- Up to 15% of calories from pulses, beans & meat
- Rest of the calories should come from nuts, vegetables, fruits & milk
- Total fat intake – should be less than or equal to 30% energy
• 56.4% of the total disease burden in India is due to unhealthy diets
https:// /#
International Affairs
1. The Climate Technology Centre and Network (CTCN) has recently marked its 10-year anniversary of technology and
innovation for adaptation, mitigation, and resilience. It is the operational arm of the United Nations Framework Convention
on Climate Change’s (UNFCCC) Climate Change Technology Mechanism. It is hosted by UN Environment (UNEP) in
collaboration with the United Nations Industrial Development Organization (UNIDO) and with the support of 11 independent
organizations. It consists of two parts - a centre (located in Copenhagen, Denmark) and a worldwide network of
organizations. {Read more}
Smart Points:
• CTCN – marked its 10-year anniversary of technology & innovation for adaptation, mitigation & resilience
• CTCN – an operational arm of UNFCCC’s Climate Change Technology Mechanism
• It is hosted by = UNEP + UNIDO + 11 independent organizations
• It consists of two parts – a Centre (Copenhagen, Denmark) & a worldwide network of organizations
• HQs of CTCN – Copenhagen, Denmark | Director – Jukka Uosukainen | Established in – 2013
2. Iraq has passed a bill criminalising same-sex relations, which will receive a sentence of up to 15 years in prison.
Transgender people will be sentenced to 3 years’ jail under the amendments to a 1988 anti-prostitution law. They also set
a minimum 7-year prison term for “promoting” same-sex relations and a sentence ranging from 1 to 3 years for men who
“intentionally” act like women. The amended also law makes “biological sex change based on personal desire and
inclination” a crime and punishes transgender people and doctors who perform gender-affirming surgery with up to 3 years
in prison. The amendments also ban organisations that “promote” homosexuality and punish “wife swapping” with a prison
sentence of 10 to 15 years. {Read more}
Smart Points:
• Iraq – passed a bill to amend a 1988 anti-prostitution law, criminalizing same-sex relations
• Prison sentences in various cases:
- People having same-sex relations will receive a sentence of up to 15 years in prison
- Transgender people could face a prison sentence of 3 years
- A minimum 7-year prison term is set for “promoting” same-sex relations
- A sentence ranging from 1 to 3 years is set for men who “intentionally” act like women
- Transgender people and doctors who perform gender-affirming surgery may face up to 3 years in prison
- People involved in “homosexuality” & “wife swapping” may face a prison sentence ranging from 10 to 15 years
• Iraq – Baghdad – Iraqi Dinar | President – Abdul Latif Rashid
3. The United Nations Development Programme (UNDP) launched “Climate Promise

2025” to help developing countries prepare their climate action plans for 2025 under
the Paris Agreement. The initiative aims to keep global warming below 1.5°C, as
stipulated in the Paris Agreement. The initiative will collaborate with the UN, private
sector, and civil society partners to provide tailored support and focus on linking
climate action and sustainable development. To date, the Climate Promise is the
world’s largest offer of support to developing countries on Nationally Determined Contribution (NDC) enhancement and
implementation. UNDP has the largest climate portfolio in the UN system, supporting climate action in nearly 150 developing
countries. Cassie Flynn is the Global Director of Climate Change at UNDP. {Read more}
https:// /#
Smart Points:
• UNDP – launched “Climate Promise 2025” to help developing countries prepare their climate action plans for 2025
under Paris Agreement
• Aim: To keep global warming below 1.5°C, as stipulated in Paris Agreement
• To date, it is the world’s largest offer of support to developing countries on NDC enhancement & implementation
• UNDP has largest Climate portfolio in UN system, supporting climate action in nearly 150 developing countries
• Global Director of Climate Change at UNDP – Cassie Flynn
• HQs of UNDP – New York, US | Administrator – Achim Steiner | Founded in – 1965
4. UK government has introduced the world first laws to protect consumers and businesses from hacking and cyber-attacks.
All internet connected smart devices will be required to meet minimum security standards under this law. Under the new
regime, manufacturers will be banned from having weak, easily guessable default passwords. Besides password security,
manufacturers will have to publish contact details so bugs and issues can be reported and dealt with. {Read more}
Smart Points:
• UK – introduced world first laws to protect consumers & businesses from hacking & cyber-attacks
• Under this law, all internet connected smart devices will be required to meet minimum security standards
• UK – London – Pound Sterling | PM – Rishi Sunak (57th) | New King – King Charles lll
5. The International Rice Research Institute (IRRI) and the Department of Agriculture - Philippine Rice Research Institute (DA-
PhilRice) have launched the “Drones4Rice Project”. This innovative project aims to develop protocols for drone-assisted
seeding, fertilization, and pesticide spraying, alongside a drone-based crop health and nutrient management monitoring
system in the Philippines. By making drone services accessible and affordable to farmers, the project endeavors to enhance
productivity, income, and sustainability in farming practices. {Read more}
Smart Points:
• IRRI + DA-PhilRice = launched the “Drones4Rice Project” to create standardized protocols for using drones
• Aim: To apply seeds, fertilizers & pesticides for rice production in Philippines
• HQs of IRRI – Los Baños, Philippines | Regional Director – Abdelbagi M. Ismail
6. Ukraine has introduced ‘world’s first’ AI-generated spokesperson, named “Victoria Shi”. She
will make official statements on behalf of the Ukrainian foreign ministry. This marks a
significant technological leap, as it’s the first time in history that a diplomatic service has
employed a digital spokesperson to read its statements. Victoria Shi is not entirely AI-
generated; her statements are written and verified by real people, while the AI assists in
generating her visual appearance. Victoria’s appearance and voice are modeled after a real person, Rosalie Nombre, a singer
and former contestant on Ukraine’s version of the reality show ‘The Bachelor’. {Read more}
Smart Points:
• Ukraine – introduced ‘world’s first’ AI-generated spokesperson, named “Victoria Shi”
• Victoria’s appearance & voice are modeled after a real person – Rosalie Nombre (a Singer)
• Ukraine – Kyiv – Ukrainian Hryvnia | President – Volodymyr Zelensky
https:// /#
7. “FLiRT”, a group of new Covid-19 (SARS-CoV-2) variants from the Omicron JN.1 lineage, is rapidly spreading in the United
States. New mutations, KP.2 and KP 1.1 variants are deemed to be more contagious than past Omicron variants. The
nickname 'FLiRT' depends on the technical names for their mutations, as per the Infectious Disease Society of America. The
most prominent FLiRT variant is KP.2, which has become the dominant strain in the U.S and accounting for around 25% of
new COVID-19 cases as of April 2024. {Read more}
Smart Points:
• “FLiRT” – a group of new Covid-19 (SARS-CoV-2) variants from the Omicron JN.1 lineage rapidly spreading in US
• New mutations – KP.2 & KP 1.1 variants
• The most prominent FLiRT variant is KP.2 (the dominant strain in the US)
• US – Washington, D.C. – US Dollar | 46th President – Joe Biden | 49th VP – Kamala Harris
8. Nepal recently announced the printing of a new Rs 100 currency note featuring a
map that includes the Indian territories of Lipulekh, Limpiyadhura, and Kalapani.
Lipulekh, Kalapani, and Limpiyadhura had been included in India’s November 2019
map. Tensions between New Delhi and Kathmandu emerged after Nepal issued a
political map in May 2020, which included the same territories. Nepal has asserted
its claim based on the ‘Sugauli Treaty’ of 1816. According to the treaty all territories
east of the Kali (Mahakali) river, including Limpiyadhura, Kalapani, and Lipulekh,
belong to Nepal. However, India has stated that the 1950 Treaty of Peace and Friendship between India and Nepal annulled
the Sugauli Treaty. {Read more}
Smart Points:
• Nepal – announced to print a new Rs 100 currency note featuring map including Indian territories of Lipulekh,
Limpiyadhura & Kalapani
• Lipulekh, Kalapani & Limpiyadhura – included in India’s Nov 2019 map
• Nepal asserted its claim on these territories based on ‘Sugauli Treaty’ of 1816
- As per it, all territories east of Kali (Mahakali) river (including Limpiyadhura, Kalapani & Lipulekh) belong to Nepal
• According to India: ‘1950 Treaty of Peace & Friendship’ between India & Nepal annulled the ‘Sugauli Treaty’
• Nepal – Kathmandu – Nepalese Rupee | President – Ram Chandra Poudel | PM – Pushpa Kamal Dahal ‘Prachanda’
9. The US has formed a new strategic alliance dubbed the “Squad”, consisting of Japan, Australia, and the Philippines, to
counter China in the Indo-Pacific region. Recently, defense leaders from these four nations convened in Hawaii, to outline
their collective vision for peace, stability, and deterrence in the region. With the new group in focus, the alliance now has
plans to bolster their military interoperability, conduct additional joint patrols and drills, and improve intelligence and
maritime security cooperation. {Read more}
Smart Points:
• US – formed a new strategic alliance, “Squad”, to counter China in the Indo-Pacific region
• ‘Squad’ consists of – US, Japan, Australia & Philippines
https:// /#
10. Climeworks has opened the world’s largest operational Direct Air Capture & Storage
(DAC+S) plant, called “Mammoth”, in Iceland to suck carbon dioxide out of the
atmosphere. DAC works by using a technical process to suck carbon dioxide (CO2) out
of the air and store it, usually underground as rocks. The Mammoth DAC plant has a
capacity to capture 36,000 metric tons of CO2 a year and will be fully complete by the
end of 2024. It is Climeworks’ second commercial project, after the “Orca” plant, also
in Iceland, which has a capacity of 4,000 tons a year and was previously the world’s
largest operational site. Worsening climate change and inadequate efforts to cut emissions have led UN scientists to
estimate billions of tons of carbon must be removed from the atmosphere annually to meet global climate goals. {Read
more}
Smart Points:
• Climeworks – opened world’s largest operational Direct Air Capture & Storage (DAC+S) plant, “Mammoth”, in Iceland
• It is opened to suck carbon dioxide out of atmosphere & store it underground as rocks
• Capacity – 36,000 metric tons of CO2 a year | It will be fully complete by end of 2024
• It is Climeworks’ 2nd commercial project | First – “Orca” plant in Iceland (capacity - 4,000 tons a year)
• HQs of Climeworks – Zürich, Switzerland | CEOs – Christoph Gebald & Jan Wurzbacher | Founded in – 2009
• Iceland – Reykjavik – Krona | PM – Bjarni Benediktsson
11. India has signed a 10-year contract with Iran to develop and operate the Iran’s Chabahar Port. The long-term deal was
signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran. Under the agreement, IPGL
will invest about $120 million while there will be an additional $250 million in financing, bringing the contract’s value to
$370 million. India has been developing the port in Chabahar on Iran’s south-eastern coast along the Gulf of Oman as a way
to transport goods to Iran, Afghanistan and central Asian countries, bypassing the port of Karachi and Gwadar in its rival
Pakistan. {Read more}
Smart Points:
• IPGL (India) + Port & Maritime Organisation (Iran) = a 10-year contract to develop & operate Iran’s Chabahar Port
• Financial outlay – $370 million | IPGL’s investment – $120 million
• Iran – Tehran – Rial | President – Ebrahim Raisi | Supreme Leader – Ali Khamenei
12. Japan is set to invest $1 billion in a $3 billion missile-intercepting system, called “Glide Phase Interceptor Project”, under
joint development with the US. The US will invest remaining $2 billion in the project. The goal is to attain full operational
capability for the system by 2032. The objective is for missiles launched from US Navy warships to intercept hypersonic
projectiles during their vulnerable glide phase. Japan’s focus lies on addressing territorial disputes with countries like Russia,
reportedly receiving missiles from North Korea for its conflict in Ukraine, and China, escalating tensions in contested waters.
{Read more}
Smart Points:
• Japan – launched a missile-intercepting system, “Glide Phase Interceptor Project” in collab with US
• Investment made by Japan – $1 billion | US – $2 billion
• Aim: To attain full operational capability for the system by 2032
• Japan – Tokyo – Yen | PM – Fumio Kishida
https:// /#
13. The European Union (EU) has adopted the first law to tackle violence against women, which includes action against
forced marriages, female genital mutilation and online harassment. It also criminalises cyber violence against women
including online stalking, harassment, incitement to hatred or violence, and the non-consensual sharing of intimate images.
These crimes, in line with the new law, will be punishable by prison sentences ranging from at least 1 to 5 years, depending
on the crime. {Read more}
Smart Points:
• EU – adopted first law to tackle violence against women, including action against forced marriages, female genital
mutilation & online harassment
• It also criminalises cyber violence against women
• As per new law, these crimes will be punishable by prison sentences ranging from at least 1 to 5 years
• HQs of EU – Brussels, Belgium | Member Countries – 27
President of European Parliament – Roberta Metsola
President of European Council – Charles Michel
President of European Commission – Ursula von der Leyen
14. In an attempt to promote the culture of sustainability and environment protect, the United Arab Emirates has launched
a 10-year “Blue Residence Visa” for those who are making exceptional contributions to environmental protection. As the
UAE embarks on its Year of Sustainability (2023-2024), the launch of the Blue Visa complements the country’s long-term
aims of supporting environmental preservation and sustainable activities. This special residency permit is designed to
recognise and support individuals who have made significant contributions in various environmental domains, such as
marine life conservation, land-based ecosystems, air quality improvement, sustainability technologies, and the circular
economy. {Read more}
Smart Points:
• UAE – launched a 10-year “Blue Residence Visa” for persons making contributions to environmental protection
• Aim: To promote the culture of sustainability & environment protect
• 2023-2024 – Year of Sustainability for UAE
• UAE – Abu Dhabi – Dirham | President – Khalifa bin Zayed Al Nahyan
15. India, Albania, Burkina Faso, Montenegro and Uganda have united to combat chemical
pollution, launching a $134-million project to eliminate the use of mercury in medical
devices. Mercury is a toxic metal that poses a threat to human health and the environment.
The project is led by the United Nations Environment Programme (UNEP), with funding
from the Global Environment Facility (GEF) and executed by the World Health Organization
(WHO). The 5-year project will bring each country in line with international best practice, educating procurement officers
on the efficacy of widely available alternative devices and raising awareness amongst manufacturers and the public. The
project aims to phase out mercury-added thermometers and sphygmomanometers at a rate of 20% per year. {Read more}
Smart Points:
• India, Albania, Burkina Faso, Montenegro & Uganda – launched $134-mn project to eliminate use of mercury in medical
devices
• Project is led by – UNEP | Funded by – Global Environment Facility (GEF) | Executed by – WHO
• Aim: To phase out mercury-added thermometers & sphygmomanometers at a rate of 20% per year
https:// /#
• HQs of UNEP – Nairobi, Kenya | Executive Director – Inger Andersen | Founded in – 1972
• HQs of WHO – Geneva, Switzerland | DG – Tedros Adhanom | Member Countries – 194 | Founded in – 1948
• HQs of GEF – Washington, US | CEO and Chairperson – Carlos Manuel Rodriguez
16. Pakistan has conducted a successful training launch of guided multi-launch rocket system ‘Fatah-II’. It is capable of
engaging targets with high precision up to a range of 400 kilometres. The Fatah-II Guided Rocket System is capable of
engaging targets with high precision and defeating any missile defence system. It is equipped with state-of-the-art
navigation system, unique trajectory and manoeuvrable features. {Read more}
Smart Points:
• Pakistan – conducted a successful training launch of guided multi-launch rocket system ‘Fatah-II’ with a range of 400 km
• It is equipped with state-of-the-art navigation system, unique trajectory & manoeuvrable features
• Pakistan – Islamabad – Pakistani Rupee | PM – Shehbaz Sharif | President – Asif Ali Zardari
17. Venezuela has become the first country to lose all its glaciers. This came after scientists
reclassified the Humboldt glacier, Venezuela’s last remaining glacier, as an ice field earlier this
month. Venezuela used to be home to six glaciers, located at about 5,000 metres above sea level
in the Andes mountains. By 2011, five of them had vanished. India is also at the risk of losing its
glaciers. They are melting at unprecedented rates across the Hindu Kush Himalayan mountain ranges and could lose up to
80% of their volume this century if GHG emissions are not drastically reduced. {Read more}
Smart Points:
• Venezuela – became the first country to lose all its glaciers
• Venezuela used to be home to six glaciers | ‘Humboldt glacier’ – Venezuela’s last remaining glacier
• Indian glaciers are also at the risk of being lost & could lose up to 80% of their volume this century
• Venezuela – Caracas – Venezuelan bolívar | President – Nicolás Maduro
18. Spain has become the 99th member of the International Solar Alliance (ISA). India
and France jointly launched the International Solar Alliance (ISA) during COP21 in Paris.
Spain handed over the International Solar Alliance Instrument of Ratification during the
meeting between Spain’s Ambassador to India, Jose Maria Ridao Domkinguez, and Head
of Depository, Joint Secretary, Ministry of External Affairs (MEA), Abhishek Singh, in
New Delhi. The ISA aims to contribute to the implementation of the Paris Climate
Agreement through the rapid and massive deployment of solar energy. Earlier, in
March, Panama officially ratified the ISA, marking its entry as the 97th member nation. {Read more}
Smart Points:
• Spain – became the 99th member of the International Solar Alliance (ISA)
• HQs of ISA – Gurugram | DG – Ajay Mathur | President – R. K. Singh | Signatory Countries – 116 | Membes – 97
https:// /#
17. Google has fired around 50 employees so far after some of its staff participated in
protests against the company’s cloud contract with the Israeli government called
“Project Nimbus”. The protests are being led by No Tech For Apartheid. Project Nimbus
is a $1.2 billion contract awarded to Google and Amazon in 2021 to supply the Israeli
government with cloud services. The aim of the project is to provide Israel with public
cloud services in order to address challenges in various sectors of the country like
healthcare, transportation, and education. The execution of this project will allow Israel to perform large-scale data analysis,
AI training, database hosting, and other forms of powerful computing using Google’s technology. {Read more}
Smart Points:
• Google – fired around 50 employees after they participated in protests against its cloud contract with Israeli Govt
• Protests led by – No Tech For Apartheid
• ‘Project Nimbus’ – $1.2 bn contract awarded to Google & Amazon in 2021 to supply Israeli govt with cloud services
• It will allow Israel to perform large-scale data analysis, AI training, database hosting & other powerful computing using
Google’s technology
• HQs of Google – California, US | CEO – Sundar Pichai | Founded in – 1998
18. The World Health Organization (WHO) unveiled the first-ever “Patient Safety Rights Charter” at the Global Ministerial
Summit on Patient Safety, marking a significant milestone in global healthcare governance. The Charter, a pioneering
document, outlines the fundamental rights of patients in the context of healthcare safety, aiming to empower individuals
and advocate for their well-being in healthcare settings. The Charter covers 10 patient safety rights crucial to mitigate risks
and prevent unintentional harm. The rights include aspects such as timely, effective, and appropriate care; safe healthcare
processes and practices; qualified health workers; patient and family engagement, etc. Co-sponsored by the WHO, the 5th
‘Global Ministerial Summit on Patient Safety’ was held in Montreux, Switzerland, with its slogan “Less Harm, Better Care -
from Resolution to Implementation". {Read more}
Smart Points:
• 5th ‘Global Ministerial Summit on Patient Safety 2024’ – held in Montreux, Switzerland (co-sponsored by - WHO)
• WHO – unveiled first-ever “Patient Safety Rights Charter”
• It outlines 10 patient safety fundamental rights in the context of healthcare safety
• Aim: To empower individuals & advocate for their well-being in healthcare settings
19. Australia has announced the start date for the “Mobility Arrangement for Talented Early-professionals Scheme (MATES)”
for Indian Nationals. The MATES Migration Scheme will go into effect on November 1, 2024, creating a new mobility pathway
for 3,000 Indian graduates and early-career professionals. Under the MATES scheme, Indian graduates and early career
professionals (aged 18 to 30) with knowledge and skills in specific fields of study will be offered a new temporary mobility
pathway to live and work in Australia for up to two years. {Read more}
Smart Points:
• Australia – announced the start date for “Mobility Arrangement for Talented Early-professionals Scheme (MATES)” for
Indian Nationals
• MATES Migration Scheme will go into effect on November 1, 2024
• Indian graduates and early career professionals (aged 18 to 30) will be offered a new temporary mobility pathway to
live and work in Australia for up to 2 years
• Australia – Canberra – Australian Dollar | PM – Anthony Albanese
https:// /#
20. India is helping five nations - Nepal, Maldives, Sri Lanka, Bangladesh and Mauritius - develop early warning systems to
reduce the loss of life and property due to extreme weather events. India’s efforts are part of the ‘Early Warnings for All’
initiative announced by the United Nations in 2022 to ensure that everyone is protected from hazardous weather, water or
climate events through life-saving early warning systems by the end of 2027. India is helping five of the 30 countries
identified across the world for the first phase of the initiative of establishing early warning systems. According to a report
released by the World Meteorological Organization (WMO) in December 2024, 101 countries (52%) now have multi-hazard
early warning systems. In Asia, from 2013 to 2022, more than 1,46,000 people lost their lives due to disasters. It is projected
that by 2030, the world could face 560 medium- to large-scale disasters each year. {Read more}
Smart Points:
• India – helping 5 nations develop early warning systems to reduce loss of life/property due to extreme weather events
- Nepal, Maldives, Sri Lanka, Bangladesh & Mauritius
• ‘Early Warnings for All’ initiative – announced by UN in 2022
• As per a report by WMO in Dec 2024, 101 countries (52%) now have multi-hazard early warning systems
• In Asia, more than 1,46,000 people lost their lives due to disasters, from 2013 to 2022
• By 2030, the world could face 560 medium- to large-scale disasters each year
• HQs of WMO – Geneva | SG – Celeste Saulo | President – Dr Abdulla Al Mandous
21. North Korea has tested a ‘super-large warhead’ designed for “Hwasal-1 Ra-3” strategic cruise
missile. North Korea also carried out a test launch of a ‘Pyoljji-1-2’ new-type anti-aircraft missile in the
West Sea of Korea. Cruise missiles tend to be jet-propelled and fly at a lower altitude than more
sophisticated ballistic missiles, making them harder to detect and intercept. {Read more}
Smart Points:
• North Korea – tested a ‘super-large warhead’ designed for “Hwasal-1 Ra-3” strategic cruise missile
• North Korea – also carried out a test launch of a ‘Pyoljji-1-2’ new-type anti-aircraft missile in West Sea of Korea
• North Korea – Pyongyang – North Korean won | President – Kim Jong-un
22. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has acquired a ‘legal
personality’ after a historic first charter of the grouping came into force on 20 May, 2024. BIMSTEC will now be able to enter
into structured diplomatic dialogue with other groupings and countries. The charter was adopted at the 5th Summit of the
BIMSTEC leaders held in Colombo, Sri Lanka. The chair of BIMSTEC was taken up by Thailand after the 5 th leaders’ summit.
{Read more}
Smart Points:
• BIMSTEC – acquired a ‘legal personality’ after a historic first charter of BIMSTEC came into force on 20 May
• The charter was adopted at the 5th Summit of the BIMSTEC leaders held in Colombo, Sri Lanka
• HQs of BIMSTEC – Dhaka, Bangladesh | Secretary General – Indra Mani Pandey | Established in – 1997
• BIMSTEC countries: 7 – Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar & Thailand | Current Chair – Thailand
https:// /#
23. The “Species Conservation Knowledge, Information, Learning, Leverage and Sharing (SKILLS)”
platform, an important component of the Global Species Action Plan (GSAP), was launched at the 4 th
Meeting of the Subsidiary Body on Implementation (SBI) of the Convention on Biological Diversity
(CBD) in Nairobi, Kenya. In response to the escalating biodiversity crisis, the GSAP is designed to
support implementation of the Kunming-Montreal Global Biodiversity Framework (GBF). The GSAP
SKILLS platform is managed proactively by the International Union for Conservation of Nature (IUCN)
to meet the needs from governments and all stakeholders to take actions for species. The platform provides real-time
updates on technical tools and resources, ensuring accessibility and relevance. {Read more}
Smart Points:
• 4th Meeting of Subsidiary Body on Implementation (SBI) of Convention on Biological Diversity (CBD) – in Nairobi, Kenya
• “SKILLS”, an important component of GSAP – launched at the Meeting
• SKILLS – Species Conservation Knowledge, Information, Learning, Leverage and Sharing
• GSAP is designed to support implementation of the ‘Kunming-Montreal Global Biodiversity Framework (GBF)’
• GSAP SKILLS platform is managed proactively by – IUCN
• HQs of IUCN – Gland, Switzerland | President – Xinsheng Zhang | CEO – Bruno Oberle | Founded in – 1948
24. Members of World Intellectual Property Organization (WIPO) have adopted a treaty on Intellectual Property, Genetic
Resources (GRs) and Associated Traditional Knowledge (ATK) at a Diplomatic Conference in Geneva, Switzerland. Under the
treaty, it will be mandatory for patent applicants to disclose country of origin or source of genetic resources if the claimed
invention is based on those materials or associated traditional knowledge. The treaty will provide additional protection for
Indian genetic resources and traditional knowledge. At present, only 35 countries have some form of disclosure obligations,
most of which are not mandatory. The new treaty will require contracting parties, including the developed world, to bring
changes in their existing legal framework for enforcing disclosure of origin obligations on patent applicants. For the first
time, the connection between local communities and their GRs and ATK is recognised in the global IP community. The WIPO
is the global forum for IP services, policy, information and cooperation. It is a self-funding agency of the United Nations, with
193 member states. The members include both developing and developed nations like India, Italy, Israel, Argentina, Austria,
Bhutan, Brazil, China, Cuba, Egypt, Pakistan, the U.S. and the U.K. {Read more}
Smart Points:
• Members of WIPO – adopted a treaty on IP, GRs & ATK at a Diplomatic Conference in Geneva, Switzerland
• Under this, it will be mandatory for patent applicants to disclose country of origin or source of genetic resources
• For first time, connection between local communities and their GRs & ATK is recognised in global IP community
• HQs of WIPO – Geneva, Switzerland | Director General – Daren Tang (Singapore) | Members – 193 countries
https:// /#
A GLIMPSE OF SOME GENUINE TESTIMONIALS
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Banking, Finance, Insurance & Economic Affairs
1. The RBI has announced that the limits for Foreign Portfolio Investors (FPI) in
Government securities (G-secs), State Government Securities (SGSs) and Corporate
Bonds (CBs) shall remain unchanged at 6%, 2% and 15%, respectively, for 2024-25. As of
now, all investments by eligible investors in the ‘specified securities’ will be reckoned
under the Fully Accessible Route (FAR). The allocation of incremental changes in the g-
sec limit (in absolute terms) over the two sub-categories ‘General’ and ‘Long-term’ will
be retained at 50:50 for 2024-25. The RBI further said that the aggregate limit of the notional amount of Credit Default
Swaps (CDS) sold by Foreign Portfolio Investors (FPIs) will be 5% of the outstanding stock of corporate bonds. Accordingly,
an additional limit of Rs 2,54,500 crore is set out for 2024-25. {Read more}
Smart Points:
• RBI: Limits for FPI in G-secs, SGS & CBs shall remain unchanged at 6%, 2% & 15%, respectively for FY25
• As of now, all investments by eligible investors in ‘specified securities’ will be reckoned under Fully Accessible Route
• Allocation of incremental changes in G-sec limit over 2 sub-categories ‘General’ & ‘Long-term’ will be retained at 50:50
• Total limit of the notional amount of CDS sold by FPI will be 5% of the outstanding stock of corporate bonds
• HQs of RBI – Mumbai, Maharashtra | Governor – Shaktikanta Das (25th) | Established on – 1st April, 1935
Total Deputy Governors (4) – S. Janakiraman | T. Rabi Sankar | Michael D. Patra | M. Rajeshwar Rao
2. State Bank of India (SBI) has partnered with HCLSoftware, the software business unit of HCLTech. As part of the 5-year
agreement, HCLSoftware will deploy the HCL Unica platform to enable SBI to digitally transform its customer interaction
framework and provide hyper-personalized communication across the bank’s diverse digital marketing channels, while
adhering to the Digital Personal Data Protection Act (DPDPA) and other stringent security requirements. HCL Unica, with its
advanced Customer Data Platform, AI capabilities and comprehensive campaign management tools, would leverage real-
time data to significantly improve SBI’s ability to engage with its customers. HCL Unica, with its advanced Customer Data
Platform, AI capabilities and comprehensive campaign management tools, would leverage real-time data to significantly
improve SBI’s ability to engage with its customers. {Read more}
Smart Points:
• SBI + HCLSoftware (HCLTech) = partnered to enable SBI to digitally transform its customer interaction framework
through ‘HCL Unica’ platform
• HCL Unica would leverage real-time data to significantly improve SBI’s ability to engage with its customers
• HQs of SBI – Mumbai, Maharashtra | Chairman – Dinesh Kumar Khara
MDs – Challa Sreenivasulu Setty | Alok Kumar Choudhary | Ashwini Kumar Tewari | Vinay M. Tonse
• HQs of HCL Technologies – Noida, UP | MD & CEO – C. Vijayakumar | Chairperson – Roshni Nadar Malhotra
3. The Reserve Bank of India (RBI) has directed a Gurugram-based fintech firm, Talkcharge Technologies, to stop the issuance
and operation of its Prepaid Payment Instruments (PPIs) or wallets, and refund the balances held in them to customers by
May 17, 2024. This has come after the central bank observed that the firm is issuing wallets without its permission. {Read
more}
Smart Points:
• RBI – directed Gurugram-based Talkcharge Technologies to stop the issuance & operation of its PPIs or wallets
• Talkcharge Tech. was directed to refund the balances to customers by May 17, 2024
https:// /#
4. The Gross Goods and Services Tax (GST) collections hit a

record high in April 2024 at Rs 2.10 lakh crore. This
represents a significant 12.4% year-on-year growth, driven
by a strong increase in domestic transactions (up 13.4%)
and imports (up 8.3%). After considering refunds, the net
GST revenue for April 2024 stands at Rs 1.92 lakh crore,
reflecting an impressive 17.1% growth compared to the
same period last year. The breakdown of April 2024
collections include the Central Goods and Services Tax
(CGST) worth Rs 43,846 crore, State Goods and Services Tax (SGST) worth Rs 53,538 crore, Integrated Goods and Services
Tax (IGST) worth Rs 99,623 crore, and the Cess worth Rs 13,260 crore. In April 2024, out of 38 states/union territories, 19
states/UTs recorded higher growth in GST collections than the national average of 12.4% growth. In absolute terms,
Maharashtra was at the top with collection of Rs 37,671 crore (13% growth), followed by Karnataka with collection of Rs
15,978 crore (9% growth) and Gujarat with collection of Rs 13,301 crore (13% growth). The previous highest level registered
under GST was Rs 1.87 lakh crore in April 2023. Average GST collection in FY24 was Rs 1.68 lakh crore, while it was Rs 1.51
lakh crore in FY23. {Read more}
Smart Points:
• GST collections in Apr 2024 – Rs 2.10 lakh Cr (12.4% y-o-y growth)
• After considering refunds, net GST revenue for Apr 2024 – Rs 1.92 lakh Cr (17.1% y-o-y growth)
• Breakdown of collections: CGST – Rs 43,846 Cr | SGST – Rs 53,538 Cr | IGST – Rs 99,623 Cr | Cess – Rs 13,260 Cr
• In April 2024 – 19 states/UTs recorded higher growth in GST collections than national average of 12.4% growth
• In absolute terms: 1st – Maharashtra (Rs 37,671 Cr) | 2nd – Karnataka (Rs 15,978 Cr) | 3rd – Gujarat (Rs 13,301 Cr)
• Previous highest level registered under GST – Rs 1.87 lakh Cr in Apr 2023
• Average GST collection in FY24 – Rs 1.68 lakh Cr (from Rs 1.51 lakh Cr in FY23)
5. The Insurance Regulatory and Development Authority of India (IRDAI) has proposed
to price “Bima Vistaar”, its ambitious all-in-one affordable mass product aimed at the
rural areas of the country, at Rs 1,500 per policy. The product is designed to provide
a basic social safety net cover with combined features of life, health, personal
accident and property insurances. The product includes life cover with a premium of
Rs 820, health cover at Rs 500, personal accident cover at Rs 100 and property cover
at Rs 80. The sum assured for life, personal accident and property covers is Rs 2 lakh
each, while the health cover offers a sum assured of Rs 500 for 10 days, with a
maximum amount of Rs 5,000 available without producing bills or documents. These products will be distributed by Bima
Vahak. Initially, every gram sabha will have at least one Bima Vahak, who will visit every house in their area and convince
them about the product. Bima Vistaar is part of ‘Bima Trinity’ that also includes Bima Sugam, the digital platform, and Bima
Vahak, a women-centric distribution channel to focus on reaching untapped/rural areas. In the financial year 2022-23 (FY23),
India’s overall insurance penetration was down at 4% from the level of 4.2% in FY22, according to a Swiss Re Sigma report.
This is much below the global insurance penetration of 6.8%. In FY23, the insurance density in India increased to $92 from
$91 in FY22. {Read more}
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Smart Points:
• IRDAI – proposed to price “Bima Vistaar”, affordable mass product aimed at rural areas, at Rs 1,500 per policy
• It is designed to provide basic social safety net cover with combined features of life, health, personal accident &
property insurances
• It includes covers of premiums: Life – Rs 820 | Health – Rs 500 | Personal Accident – Rs 100 | Property – Rs 80
• Sum assured: Life, Personal Accident & Property covers – Rs 2 lakh each | Health cover – Rs 500 for 10 days
• Bima Vistaar – part of ‘Bima Trinity’ that also includes Bima Sugam (digital platform) & Bima Vahak (women-centric
distribution channel)
• In FY23, India’s overall insurance penetration was 4% (4.2% in FY22)
• Insurance density in India – $92 in FY23 ($91 in FY22)
• HQs of IRDAI – Hyderabad, Telangana | Chairman – Debasish Panda
6. The National Bank for Agriculture and Rural Development (NABARD) has partnered with Reserve Bank Innovation Hub
(RBIH) to put in place a system which will enable faster processing of agricultural loans. NABARD will integrate its e-KCC loan
origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of RBIH, a wholly-owned subsidiary of
the RBI. The collaboration will streamline the lending process and reduce the turnaround time for loans from 3-4 weeks to
just 5 minutes for India’s 120 million farmers. The pilot phase of the partnership will see implementation in select RRBs
including the Karnataka Gramin Bank and Maharashtra Gramin Bank and cooperative banks in Andhra Pradesh. The goal is
to scale the digital lending platform to cover about 5 crore KCC loans across all cooperative banks and RRBs nationwide.
Rajesh Bansal is the CEO of RBIH. {Read more}
Smart Points:
• NABARD + RBIH = to put in place a system which will enable faster processing of agricultural loans
• Aim: To scale digital lending platform to cover about 5 Cr KCC loans across all cooperative banks & RRBs nationwide
• NABARD will integrate its e-KCC loan origination system portal with Public Tech Platform for Frictionless Credit of RBIH
• It will reduce turnaround time for loans from 3-4 weeks to just 5 minutes for India’s 120 million farmers
• Pilot phase will be implemented in – Karnataka Gramin Bank, Maharashtra Gramin Bank & cooperative banks in AP
• CEO of RBIH – Rajesh Bansal | CTO of RBIH – Amit Saxena (a subsidiary of RBI)
7. IndoSpace, which develops and manages industrial and logistics parks in India, has
started work on floating an Infrastructure Investment Trust (InvIT) and to raise around
$700-800 million. This will be the largest InvIT in India. Established by Everstone and
Realterm in 2007 in joint venture with Singapore-based GLP, IndoSpace owns 52
industrial logistics parks in 11 cities of India. It launched its first in-city warehouse facility
in Chembur, Mumbai. The InvIT will be the third in the warehousing space, after
Intelligence Supply Chain Infrastructure Trust (backed by Reliance Retail Ventures) and NDR Warehousing. {Read more}
Smart Points:
• IndoSpace – started work on floating an Infrastructure Investment Trust (InvIT) & to raise $700-800 million
• IndoSpace was established in 2007 by = Everstone + Realterm + GLP (Singapore)
- It owns 52 industrial logistics parks in 11 cities of India
https:// /#
- It launched its first in-city warehouse facility in Chembur, Mumbai
• InvIT will be 3rd in the warehousing space | 1st – NDR Warehousing, 2nd – Chain Infrastructure Trust
8. The growth in output of 8 key infrastructure industries, known as the core

sector, slowed to 5.2% year-on-year (Y-o-Y) in March 2024, from 7.1% in
February 2024, according to the data released by the Ministry of Commerce
and Industry. Output declined in sectors like coal (8.7%), crude oil (2%), natural
gas (6.3%) and steel (5.5%) during March. On the other hand, output of cement
(10.6%) and electricity (8%) accelerated in March. In March 2023, the core
sector had recorded a growth of 4.2%. Overall in FY24, growth in the core
sector stood at 7.5%, as against 7.8% in FY23. All the 8 constituent sectors
registered positive growth during the financial year with output of steel (12.3%)
leading the chart, followed by coal (11.7%), cement (9.1%). The eight core industries account for 40.27% weighting of items
included in the Index of Industrial Production (IIP). {Read more}
Smart Points:
• As per data of MoC&I: Growth in output of core sector slowed to 5.2% Y-o-Y in Mar 2024 (from 7.1% in Feb 2024)
• During March, output declined in sectors: coal – 8.7% | crude oil – 2% | natural gas – 6.3% | steel – 5.5%
• During March, output accelerated in sectors: cement – 10.6% | electricity – 8%
• Overall in FY24, growth in core sector stood at 7.5% (from 7.8% in FY23)
• In FY24, top sectors registering positive growth: 1st – Steel (12.3%) | 2nd – Coal (11.7%) | 3rd – Cement (9.1%)
• 8 core industries account for 40.27% weighting of items included in IIP
• Minister of Commerce & Industry: Piyush Goyal | Constituency – Maharashtra
MoS in Ministry of Commerce & Industry: Anupriya Singh Patel & Som Parkash
9. The Securities and Exchange Board of India (SEBI) has allowed Non-Resident Indians (NRIs) to own up to 100% in global
funds at the GIFT City. The SEBI also gave passive funds more exposure to group companies. Earlier, NRIs and Overseas
Citizens of India (OCIs) could own up to 50% in a foreign portfolio investor (FPI). SEBI has now allowed FPIs, established in
GIFT City, to accept unlimited investments from NRIs and Persons of Indian Origin (PIOs). This opens doors for greater
participation from the Indian diaspora in Indian markets. Mutual fund (MF) schemes, at present, can invest not more than
25% of their net asset value (NAV) in group companies of the sponsor. The limit has been raised to 35% for passive funds.
{Read more}
Smart Points:
• SEBI – allowed NRIs to own up to 100% in global funds at GIFT City (from 50% earlier)
• SEBI – allowed MF schemes to invest up to 35% of their NAV in group companies (from 25% earlier)
• HQs of SEBI – Mumbai, Maharashtra | Chairman – Madhabi Puri Buch | Established in – 1992
10. The Reserve Bank of India (RBI) has announced an 8% interest rate on the Floating Rate Savings Bond (FRSB) 2034. This
is a variable rate bond. Unlike regular bonds with a fixed interest rate, this bond’s interest rate will adjust every 6 months.
FRSBs have a maturity period of 7 years. The minimum investment amount for FRSBs is Rs 1000, while there is no maximum
limit. FRSBs are backed by the government of India. Interest on these bonds is paid semi-annually on January 1 and July 1
each year. This 8% rate is calculated by taking an average of the interest rates from the previous 3 auctions of short-term
government debt (called Treasury Bills), plus a small additional fixed amount (0.98%). {Read more}
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Smart Points:
• RBI – announced an 8% interest rate on Floating Rate Savings Bond (FRSB) 2034 | It is a variable rate bond
• Its interest rate will adjust every 6 months | Maturity period – 7 years | Minimum investment amount – Rs 1000
• Interest on these bonds is paid semi-annually on January 1 & July 1 each year
11. India has cut its ‘windfall tax’ on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with
effect from May 1, 2024. The tax, which is revised every fortnight, was left unchanged at zero for diesel and aviation turbine
fuel. On April 16, the government had raised the windfall tax on petroleum crude to 9,600 rupees a metric ton from 6,800
rupees. A windfall tax is a higher tax imposed on specific industries when they make unusual and above-average profits.
{Read more}
Smart Points:
• India – cut its ‘windfall tax’ on petroleum crude to Rs 8,400 a metric ton w.e.f. May 1, 2024 (from Rs 9,600)
• On April 16, Govt raised windfall tax on petroleum crude to Rs 9,600 a metric ton (from Rs 6,800)
• Windfall tax – a higher tax imposed on specific industries when they make unusual & above-average profits
12. NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI),
has entered into an agreement with the Bank of Namibia (BoN) for developing an instant payment system like Unified
Payment Interface (UPI) for the African nation. This partnership marks NPCI’s first-ever collaboration with a central bank to
deploy the UPI stack in an international market. The collaboration is aimed at developing real-time person-to-person (P2P)
and person-to-merchant (P2M) transactions in Namibia. In January 2024, NPCI launched “UPI-PayNow” linkage that enables
Indians to receive remittances directly into their bank accounts from Singapore and vice-versa. {Read more}
Smart Points:
• NIPL + BoN = an agreement to develop an instant payment system like UPI for African nation
• Aim: To develop real-time person-to-person (P2P) & person-to-merchant (P2M) transactions in Namibia
• It marks NPCI’s first-ever collaboration with a central bank to deploy UPI stack in an international market
• “UPI-PayNow” – launched by NPCI in Jan 2024 to enable Indians to receive remittances directly into their bank
accounts from Singapore & vice-versa
• HQs of NPCI – Mumbai | Chairman – Ajay Kumar Choudhary | MD & CEO – Dilip Asbe | Established in – 2008
• HQs of BoN – Namibia | Governor – Johannes Gawaxab | Established in – 1990
13. The Reserve Bank of India has allowed Standalone Primary Dealers (SPDs) to borrow in foreign currency, in a bid to
expand the sources of funding for them. SPDs, which are key intermediaries in the Indian Government securities (G-Sec)
market, can borrow in foreign currency from their parent or correspondent outside India or any other central bank permitted
entity and avail overdraft in nostro accounts (not adjusted within 5 days), only for operational reasons. So far, SPDs could
borrow funds from call/notice/term money market, repo market, inter-corporate deposits, FCNR (B) loans, commercial
paper and non-convertible debentures. In 1995, RBI had introduced the system of primary dealers (PDs) to strengthen the
infrastructure in G-Sec market. SPDs have been classified as Authorised Dealer Category-III. In 2018, SPDs were authorised
to offer forex products to clients, including foreign portfolio investors. A board of authorised dealers may set the Net
Overnight Open Position Limit (NOOPL) for calculating the capital charge on forex risk. However, such limits should not
exceed 25% of the dealer’s total capital (Tier-I and Tier-II capital). {Read more}
https:// /#
Smart Points:
• RBI – allowed Standalone Primary Dealers (SPDs) to borrow in foreign currency to expand the sources of funding
• SPDs can borrow in foreign currency from their parent or correspondent outside India or any other central bank
permitted entity & avail overdraft in nostro accounts
• In 1995, RBI had introduced the system of Primary Dealers (PDs) to strengthen the infrastructure in G-Sec market
• SPDs have been classified as Authorised Dealer Category-III
• In 2018, SPDs were authorised to offer forex products to clients
• Authorised dealers may set Net Overnight Open Position Limit (NOOPL) for calculating the capital charge on forex risk
- Such limits should not exceed 25% of the dealer’s total capital
14. The Reserve Bank of India (RBI) has approved the re-appointment of Atanu Chakraborty as the Part
Time Chairman and Independent Director of HDFC Bank for a period of 3 years w.e.f. May 05, 2024 to May
04, 2027. He served the Government of India for 35 years as IAS from Gujarat cadre. He retired as Secretary
to Government of India in the Ministry of Finance - Department of Economic Affairs (DEA) in April 2020.
{Read more}
Smart Points:
• Atanu Chakraborty – re-appointed as Part Time Chairman & Independent Director of HDFC Bank for 3 years
• HQs of HDFC Bank – Mumbai, MH | MD & CEO – Sashidhar Jagdishan | Tagline – “We understand your World”
15. HDFC Life has unveiled its latest campaign, ‘No Jhanjhat Life Insurance Fatafat’. This
campaign promises a seamless and swift life insurance purchasing experience, tailored for
today’s fast-paced world. In FY 2024, HDFC Life has already secured over 66 million lives, with
a claim settlement ratio of 99%. The campaign’s ultimate goal is to encourage individuals across
the nation to secure themselves and their families financially through the digital platform.
Through initiative, HDFC Life is committed to contributing to the mission of ‘Insurance for All by 2047’. {Read more}
Smart Points:
• HDFC Life – unveiled its latest campaign, ‘No Jhanjhat Life Insurance Fatafat’
• In FY24, HDFC Life has already secured over 66 million lives, with a claim settlement ratio of 99%
• Through this initiative, HDFC Life is committed to contributing to mission of ‘Insurance for All by 2047’
• HQs of HDFC Life Insurance – Mumbai, Maharashtra | MD & CEO – Vibha Padalkar
https:// /#
16. India’s services exports decelerated in FY24 to a 3-year low, with a modest increase of 4.9% to $341.1 billion, according
to the data released by the RBI. However, net services exports grew at a robust pace of 13.6% to $162.8 billion as services
imports contracted 2% to $178.3 billion during FY24. In FY24, merchandise exports had contracted 3.2% to $437.1 billion,
leading to a trade deficit of $240.2 billion. The latest round of RBI’s survey of Professional Forecasters on Macroeconomic
Indicators projects the current account deficit (CAD) to GDP ratio at 1.2% and 1.1% for FY25 and FY26. The government has
set a target of $2 trillion combined exports of goods and services by 2030. According to the latest World Trade Organization
(WTO) data, India’s rank among leading exporters of commercial services (excluding intra-EU trade) remained unchanged at
5th place in 2023, with its share remaining the same at 5.4%. {Read more}
Smart Points:
• RBI data: India’s services exports decelerated in FY24 with – an increase of 4.9% to $341.1 billion
• In FY24: net services exports grew at – 13.6% to $162.8 bn | services imports – contracted 2% to $178.3 bn
• Merchandise exports – contracted 3.2% to $437.1 bn (trade deficit of $240.2 bn)
• Professional Forecasters on Macroeconomic Indicators projects CAD to GDP ratio – at 1.2% & 1.1% (for FY25 & FY26)
• Government has set a target of $2 trillion combined exports of goods & services by 2030
• WTO data: Among leading exporters of commercial services, India – 5th in 2023 with share 5.4%
• HQs of WTO – Geneva, Switzerland | 7th DG – Ngozi Okonjo-Iweala (Nigeria) | Members – 164 | Founded – 1995
17. World Bank, along with the Ministry of Electronics & Information Technology (MeitY), have
collaborated to develop a state-level “Digital Public Infrastructure (DPI) Adoption Index” that
will help boost the digital economy and support financial inclusion. The state-level DPI index
will help analyse gaps to strengthen the digital economy, support financial inclusion, and
increase public-private innovation. The DPI is a set of shared and interoperable digital systems
built on open standards and specifications. India’s DPI, also known as India Stack, has been
appreciated widely for improving financial inclusion and increasing formalisation in the
economy. In 2023, the central government has signed MoUs with 8 countries to offer them
India Stack and DPI at no cost and with open-source access. These were Armenia, Sierra Leone, Suriname, Antigua, Barbados,
Trinidad and Tobago, Papua New Guinea, and Mauritius. {Read more}
Smart Points:
• World Bank + MeitY = to develop a state-level “DPI Adoption Index” to boost digital economy & financial inclusion
• DPI – a set of shared & interoperable digital systems built on open standards & specifications
• In 2023, GoI signed MoUs with 8 countries to offer them India Stack & DPI at no cost and with open-source access
- Armenia, Sierra Leone, Suriname, Antigua, Barbados, Trinidad & Tobago, Papua New Guinea, Mauritius
• HQs of World Bank – Washington D.C., US | President – Ajay Banga | MD/CFO – Anshula Kant | Members – 189
• Ministry of Electronics & Information Technology: Ashwini Vaishnaw | Constituency – Odisha
MoS in Ministry of Electronics & Information Technology: Rajeev Chandrasekhar
https:// /#
18. C2FO, an on-demand working capital platform has announced that its TReDS platform, named
“C2treds” has gone live with State Bank of India (SBI) and Dabur India Ltd among the inaugural
participants on the platform. This follows the recent approval received by C2FO’s wholly-owned
subsidiary, C2FO Factoring Solutions Private Ltd., from the Reserve Bank of India, to operationalise
the TReDS platform. TReDS, an initiative introduced by the RBI and backed by the Ministry of Micro,
Small & Medium Enterprises (MSME), addresses the liquidity & working capital challenges faced by MSMEs. Basant Kaur is
the Country Head of C2FO India. {Read more}
Smart Points:
• C2FO announced its TReDS platform, “C2treds,” has gone live with SBI & Dabur India Ltd
• RBI – recently approved C2FO Factoring Solutions Private Ltd to operationalise TReDS platform
• TReDS addresses liquidity & working capital challenges faced by MSMEs
- Introduced by – RBI | Backed by – Ministry of MSME
• HQs of C2FO – Leawood, US | CEO – Alexander C Kemper | Established in – 2008
• HQs of Dabur India Ltd – Ghaziabad, UP | CEO – Mohit Malhotra | Established in – 1884
19. Paytm Money, the wholly-owned subsidiary of One97 Communications, has appointed Rakesh Singh
as the new CEO after Varun Sridhar resigned from the role. Sridhar, former head of Paytm Money Ltd, will
transition to the role of CEO of Paytm Services Private Limited, focusing on the distribution of mutual funds
and wealth management products. {Read more}
Smart Points:
• Rakesh Singh – appointed as CEO of Paytm Money (replacing - Varun Sridhar)
• Varun Sridhar – to become CEO of Paytm Services Pvt Ltd
• HQs of Paytm Money – Bengaluru, Karnataka | CEO – Rakesh Singh | Founded in – 2009
• HQs of One97 Communications – Noida, Uttar Pradesh | CEO – Vijay Shekhar Sharma
20. Reserve bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the Managing
Director (MD) & Chief Executive Officer (CEO) of Ujjivan Small Finance Bank for the period of 3 years with
effect from 1 July 2024. Sanjeev Nautiyal will succeed Ittira Davis for this post. He will join the Bank much
prior to his taking charge as the MD & CEO and be designated as the President in the interim. Banavar
Anantharamaiah Prabhakar is the Chairman of Ujjivan SFB. {Read more}
Smart Points:
• Sanjeev Nautiyal – appointed as MD & CEO of Ujjivan SFB for 3 years w.e.f. July 2024 (succeeding - Ittira Davis)
• Currently, Sanjeev Nautiyal is designated as the interim President in Ujjivan SFB
• Banavar Anantharamaiah Prabhakar – Chairman of Ujjivan SFB
• HQs of Ujjivan SFB – Bengaluru, Karnataka | MD & CEO – Ittira Davis (From July - Sanjeev Nautiyal) | Founded in – 2004
https:// /#
21. The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment
Commitments (IPCs) in light of the T+1 settlement regime for stocks. The maximum intraday risk to the custodian banks
issuing IPCs would be considered as Capital Market Exposure (CME) at 30% of the settlement amount. The limit of 30% for
risk is based on the assumption of a 20% downward price movement of the equities on T+1, with an additional margin of
10% for further downward movement of price. Earlier, the risk mitigation measures were prescribed based on T+2 rolling
settlement for equities. {Read more}
Smart Points:
• RBI has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCs) in light of the
T+1 settlement
• Maximum intraday risk to the custodian banks issuing IPCs would be considered as Capital Market Exposure (CME) at
30% of the settlement amount
• Total Deputy Governors (4) – S. Janakiraman | T. Rabi Sankar | Michael D. Patra | M. Rajeshwar Rao
22. Former Chief General Manager of Small Industries Development Bank of India (SIDBI),
Subhransu Sekhar Acharya, has taken over the charge of Chairman- cum- Managing Director (CMD)
of the National Small Industries Corporation (NSIC), under the MSME Ministry. He replaces Vipul
Goel, who assumed charge as CMD of NSIC in July 2023. He was a British Chevening scholar and
studied ‘Sustainable Development’ at the University of Bradford, UK. Acharya was also a founding
member of India’s first SME Rating Agency and has served as CEO of India SME Technology Services,
a company promoted by SIDBI and 4 other commercial banks. NSIC also has a venture capital fund called ‘NSIC Venture
Capital Fund’ which is the mother fund in the Rs 50,000 crore Self Reliant India (SRI) fund by the MSME Ministry and SBI’s
private equity arm SBICAP Ventures. {Read more}
Smart Points:
• Subhransu Sekhar Acharya – appointed as CMD of National Small Industries Corporation (replacing - Vipul Goel)
• He is former Chief General Manager of SIDBI & a founding member of India’s first SME Rating Agency
• NSIC (MSME Ministry) – has ‘NSIC Venture Capital Fund’, mother fund in Rs 50,000 Cr Self Reliant India (SRI) fund
• SRI Fund = MSME Ministry + SBICAP Ventures
• HQs of NSIC – New Delhi | CMD – Subhransu Sekhar Acharya
• Ministry of MSME: Narayan Rane | Constituency – Ratnagiri-Sindhudurg, Maharashtra
• MoS in Ministry of MSME: Bhanu Pratap Singh Verma
23. REC Ltd has received a ‘No Objection Certificate’ (NOC) from Reserve Bank of India (RBI) for
setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.
The proposed subsidiary will engage in a range of financial activities as a finance company within
GIFT, including lending, investment, and other financial services. The GIFT City platform offers a
conducive environment for international lending activities coupled with world-class
infrastructure. {Read more}
Smart Points:
• REC Ltd – received an NOC from RBI for setting up a subsidiary in GIFT City in Gandhinagar, Gujarat
• HQs of REC Ltd – New Delhi | Chairman & MD – Vivek Kumar Dewangen | Founded in – 1969
https:// /#
24. Galytix, a London-headquartered GenAI-focused fintech, has launched a game-
changing Generative AI-based Credit Agent solution, “CreditX”, for the Indian banking
sector that would help banks to deliver credit better, faster and cheaper. This is achieved
by learning statistical patterns from existing data and then using these patterns to
generate new and novel outputs upon request. India has a credit gap of $300-500 billion, mostly in the MSME space, that
needs to be filled, and GenAI-based CreditX can boost credit flow to MSMEs in this area. Galytix is the only company that
has implemented GenAI-based credit agent solutions across the world in multiple banks. Raj Abrol is the Co-founder & CEO
of Galytix. {Read more}
Smart Points:
• Galytix – launched a game-changing Generative AI-based Credit Agent solution, “CreditX”, for Indian banking sector
• It would help banks to deliver credit better, faster and cheaper
• India has a credit gap of $300-500 billion, mostly in the MSME space
• It is the only company that has implemented GenAI-based credit agent solutions across the world in multiple banks
• HQs of Galytix – London, UK | Co-founder & CEO – Raj Abrol
25. Securities and Exchange Board of India (SEBI) has made it compulsory for Portfolio Management Services (PMS) providers
to register with the Association of Portfolio Managers in India (APMI), aimed at enhancing oversight and streamlining
operations in the financial sector. The new directive would come into effect from January 1, 2025, and APMI would issue
the criteria for registration of distributors by July 1, 2024. This move ultimately fosters a more efficient and transparent
business environment for portfolio managers. {Read more}
Smart Points:
• SEBI – made compulsory for PMS providers to register with Association of Portfolio Managers w.e.f. Jan 1, 2025
• Aim: To enhance oversight & streamlining operations in the financial sector
• APMI would issue the criteria for registration of distributors by July 1, 2024
26. YES Bank has partnered with Bengaluru-based financial services provider, ANQ, to unveil two co-branded credit cards -
“Pi” and “Phi”. The strategic partnership aims to bridge the gap between traditional banking and the fintech industry. The
YES Bank-ANQ Pi credit card is a digital-only card that offers credit on UPI for domestic transactions, providing users with
convenient and secure payment options. {Read more}
Smart Points:
• YES Bank + ANQ = partnership to unveil two co-branded credit cards - “Pi” & “Phi”
• HQs of Yes Bank – Mumbai, Maharashtra | MD & CEO – Prashant Kumar | Tagline – “Experience our Expertise”
• HQs of ANQ – Bengaluru, Karnataka | Founder & CEO – Ashish Khandelwal
27. South Indian Bank has signed an MoU with Northern Arc Capital aiming to explore and maximise
commercial prospects by combining efforts in loan origination, underwriting, disbursement,
collection, and reconciliation procedures. The collaboration will concentrate on co-lending and
partnership lending activities, as well as facilitating smooth loan transfers between banks and
originators. The cooperation will allow South Indian Bank to use nPOS, Northern Arc’s unique
technology platform for co-origination, co-lending, and pool buyouts. Ashish Mehrotra is the MD & CEO of Northern Arc
Capital Ltd. {Read more}
https:// /#
Smart Points:
• SIB + Northern Arc Capital = an MoU to explore & maximise commercial prospects by combining efforts in loan
origination, underwriting, disbursement, collection & reconciliation procedures
• It will allow SIB to use nPOS, Northern Arc’s unique technology platform
• HQs of Northern Arc Capital Ltd – Chennai, Tamil Nadu | MD & CEO – Ashish Mehrotra | Established in – 1989
• HQs of South Indian Bank – Thrissur, Kerala | MD & CEO – Murali Ramakrishnan
28. The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty
of Rs 1 crore on Go Digit General Insurance for non-disclosure of a change in the conversion ratio
of Compulsorily Convertible Preference Shares (CCPS). It was changed from ‘1 CCPS for 2.324
equity shares’ to ‘2.324 CCPS for each equity share’. In March, Go Digit General Insurer received
final approval from the SEBI to raise funds worth Rs 1,250 crore through an initial public offering
(IPO). {Read more}
Smart Points:
• IRDAI – imposed a penalty of Rs 1 crore on Go Digit General Insurance
• For: Non-disclosure of a change in the conversion ratio of Compulsorily Convertible Preference Shares (CCPS)
• The ratio was changed from ‘1 CCPS for 2.324 equity shares’ to ‘2.324 CCPS for each equity share’
• HQs of Go Digit General Insurance – Bengaluru, Karnataka | MD & CEO – Jasleen Kohli | Chairman – Kamesh Goyal
• HQs of IREDA – New Delhi | CMD – Pradip Kumar Das | Motto – “Energy for Ever” | Founded – 1987
29. Securities and Exchange Board of India (SEBI) has introduced a framework for administration and supervision of Research
Analysts (RAs) and Investment Advisers (IAs). As per the notification issued by the SEBI in April 2024, the stock exchanges
can now be recognised as Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser
Administration and Supervisory Body (IAASB) for administration and supervision of RAs and IAs, respectively. For recognition
of as RAASB and IAASB, an entity must have minimum 15 years of existence as a recognised stock exchange. Further, the
stock exchange must have a Minimum net worth of Rs 200 crore and have nation-wide terminals. The stock exchange need
to have a capacity for investor service management gauged through reach of at least Investor Service Centers (ISCs) in at
least 20 cities. The circular will become effective on July 25, 2024. {Read more}
Smart Points:
• SEBI – introduced framework for administration & supervision of Research Analysts (RAs) & Investment Advisers (IAs)
• Stock Exchanges can now be recognised as Research Analyst Administration & Supervisory Body (RAASB), and
Investment Adviser Administration & Supervisory Body (IAASB)
• Eligibility to be recognized as RAASB & IAASB, an entity must have:
- Minimum 15 years of existence as a recognised stock exchange
- Minimum net worth of Rs 200 Cr & have nation-wide terminals
- A capacity for investor service management gauged through reach of at least ISCs in at least 20 cities
• This circular will become effective on – July 25, 2024
https:// /#
30. Setu, a leading Indian fintech company and part of the Pine Labs Group, has unveiled
“Sesame”, India’s first Large Language Model (LLM) specifically designed for the banking,
financial services, and insurance (BFSI) sector. It is developed in collaboration with
indigenous AI research firm, Sarvam AI. Sesame leverages the rich data ecosystem enabled
by India’s digital infrastructure to power various features. These include improved credit
underwriting, fraud detection, loan monitoring, upsell or cross-sell, and personal finance
advisory. Setu and Sarvam AI have together created Sesame to be both domain- and region-specific by training it on custom
data highly relevant to India’s BFSI sector. Anand Raisinghani is the CEO of Setu. While, Pratyush Kumar is the Co-founder of
Sarvam AI. {Read more}
Smart Points:
• Setu + Sarvam AI = developed “Sesame”, India’s first Large Language Model (LLM) specifically designed for BFSI sector
• HQs of Setu – Bengaluru, Karnataka | CEO – Anand Raisinghani
• HQs of Sarvam AI – Bengaluru, Karnataka | Co-founder – Pratyush Kumar
31. The Reserve Bank of India (RBI) has reportedly asked non-finance banking companies (NBFCs) to strictly adhere to the
cap of Rs 20,000 in cash loans. This move comes as the central bank is aiming to deter cash transactions. This action came
after the central bank directed IIFL Finance to immediately halt its gold loan operations for new customers due to major
lapses in loan handling. NBFCs are required to maintain a Loan-to-Value (LTV) ratio not exceeding 75% for loans granted
against the collateral of gold jewellery. {Read more}
Smart Points:
• RBI – asked NBFCs to strictly adhere to cap of Rs 20,000 in cash loans, aiming to deter cash transactions
• Recently, RBI directed IIFL Finance to immediately halt its gold loan operations for new customers
• NBFCs are required to maintain a LTV ratio not exceeding 75% for loans granted against collateral of gold jewellery
32. DBS Bank India has been recognised as a “Best Employer 2023” by Kincentric for the 4th
consecutive year. The award acknowledges organisations with exceptional employee
experiences and a strong culture of engagement. DBS Bank India’s well-being charter
focuses on the Best of Me, We, and E (environment). Employees have access to a flexible
wellness wallet, ‘iFlex’, to customise their benefits package according to their individual
needs and life stage. The Kincentric Best Employers study is one of the most respected annual studies with a robust
evaluation methodology designed to understand alignment across business objectives, people processes, and employee
experience. Anurag Aman is the MD & India Market Leaders for Kincentric India. {Read more}
Smart Points:
• DBS Bank India – recognised as a “Best Employer 2023” by Kincentric (4th consecutive year)
• For: Exceptional employee experiences and a strong culture of engagement
• The bank’s employees have access to a flexible wellness wallet, ‘iFlex’, to customise their benefits package
• MD & India Market Leaders for Kincentric India – Anurag Aman
• HQs of DBS Bank India – Mumbai, Maharashtra | MD & CEO – Surojit Shome
• HQs of DBS Bank – Singapore | CEO – Piyush Gupta
https:// /#
33. The Indian Renewable Energy Development Agency Ltd (IREDA) has incorporated a wholly-owned subsidiary in the
International Financial Services Centre (IFSC) located in GIFT City, Gujarat. The subsidiary, named “IREDA Global Green
Energy Finance IFSC Limited,” was officially incorporated on May 7, after receiving the No Objection letter from the RBI on
February 8, 2024. IREDA’s entry into the IFSC is anticipated to unlock fresh business prospects and establish its global
footprint in the renewable energy sector. Recently, REC Ltd also received an NOC from RBI for setting up a subsidiary in GIFT
City. {Read more}
Smart Points:
• IREDA – incorporated a wholly-owned subsidiary “IREDA Global Green Energy Finance IFSC Ltd” in GIFT City, Gujarat
• Recently, REC Ltd also received an NOC from RBI for setting up a subsidiary in GIFT City
• HQs of IREDA – New Delhi | CMD – Pradip Kumar Das | Motto – “Energy for Ever” | Founded – 1987
34. The International Financial Services Centre (IFSC) Authority has granted permission to Foreign
Portfolio Investors (FPIs) to issue ‘Derivative Instruments’ with Indian securities as underlying assets
in the GIFT-IFSC. A derivative is an instrument whose value is derived from the value of one or more
underlying assets, which can be commodities, precious metals, currency, bonds, stocks, stocks indices,
etc. Non-bank entities registered with SEBI as FPIs are also permitted to issue Derivative Instruments
in the GIFT-IFSC. Furthermore, the entity is mandated to furnish requisite information to the Clearing
Corporations in GIFT-IFSC in the prescribed format by the 10th day of every month. {Read more}
Smart Points:
• IFSC Authority – granted permission to Foreign Portfolio Investors (FPIs) to issue ‘Derivative Instruments’ in GIFT-IFSC
• Derivative: an instrument whose value is derived from the value of one or more underlying assets
• Entity is mandated to furnish requisite information to the Clearing Corporations in GIFT-IFSC in the prescribed format
by the 10th day of every month
• HQs of IFSCA – Gandhinagar, Gujarat | Chairman – K. Rajaraman | Established – 2020
35. ICICI Bank has surpassed Rs 8-trillion market cap, becoming the 2nd largest bank after HDFC Bank. It also entered into the
league of the top five companies by market value. Reliance Industries maintains its position as the most-valued Indian
company, with a market capitalisation of Rs 19.8 trillion, followed by Tata Consultancy Services (Rs 14 trillion), HDFC Bank
(Rs 11.6 trillion), State Bank of India (Rs 7.4 trillion), and ICICI Bank (Rs 8.14 trillion). {Read more}
Smart Points:
• ICICI Bank – surpassed Rs 8-trillion market cap, becoming 2nd largest bank after HDFC Bank
• It also entered into league of top 5 companies by market value
• Most-valued Indian company with m-cap – Reliance Industries (Rs 19.8 tn)
- 2nd – TCS (Rs 14 tn) | 3rd – HDFC Bank (Rs 11.6 tn) | 4th – SBI (Rs 7.4 tn) | 5th – ICICI Bank (Rs 8.14 tn)
• HQs of ICICI Bank – Mumbai | MD & CEO – Sandeep Bakhshi | Taglines – “Hum Hain Na!” & “Khayal Apka”
36. HDFC Bank, India’s leading private sector bank, has announced the winners of its “Parivartan Start-up Grants
Programme” for FY2024. This year, 41 incubators and accelerators in the field of social impact entrepreneurship will receive
grants totaling Rs 19.6 crore to support 170 start-ups working across specific focus areas. This year’s programme is
undertaken in partnership with Atal Innovation Mission (AIM), a Government of India initiative under NITI Aayog. The focus
areas for the 2024 grants include Climate Innovation, Financial Inclusion, Agriculture and Sustainable Rural Economy,
Accessible and Affordable Healthcare, Education and Livelihood Enhancement, Gender Diversity and Inclusion. The start-
ups that have received grants come from various states across India, with the largest number originating from Maharashtra.
{Read more}
https:// /#
Smart Points:
• HDFC Bank – announced winners of its “Parivartan Start-up Grants Programme” for FY24
• 41 incubators & accelerators in field of social impact entrepreneurship will receive grants of Rs 19.6 Cr to support 170
start-ups working across specific focus areas
• It was undertaken in partnership with – Atal Innovation Mission (NITI Aayog)
• The largest number of start-ups receiving grants are from – Maharashtra
37. The Insurance Regulatory and Development Authority (IRDAI) has approved the appointment of
Keki Mistry as Chairman of HDFC Life. Mistry was the Vice Chairman and CEO of Housing Development
Finance Corporation (HDFC) Limited. With the amalgamation of HDFC Limited with HDFC Bank, Mistry
superannuated from HDFC Limited and was appointed as a Non-Executive Director on the Board of
HDFC Bank Limited. {Read more}
Smart Points:
• Keki Mistry – appointed as Chairman of HDFC Life by IRDAI
• HQs of HDFC Life Insurance – Mumbai, Maharashtra | MD & CEO – Vibha Padalkar | Chairman – Keki Mistry
• HQs of IRDAI – Hyderabad, Telangana | Chairman – Debasish Panda | Established in – 1999
38. Yes Bank has partnered with Ebanx, a fintech focused on cross-border e-commerce payments, to enable payments from
India. The partnership aims to make it easier for global merchants to sell to customers in India and make cross-border
shopping easier for Indians. The partnership will offer a range of local payment methods tailored to the Indian market,
including UPI, locally issued cards, and recurring payment transactions. Ebanx was founded in 2012 in Brazil to tap the retail
demand for cross-border commerce. {Read more}
Smart Points:
• Yes Bank + Ebanx = partnership to enable cross-border e-commerce payments from India
• HQs of Ebanx – Centro, Brazil | CEO – Joao Del Valle | Established in – 2012
39. The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10,
2024. As Executive Director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to
Information Act (FAA), and the Department of Communication. Rao was previously serving as chief General Manager in
charge in the Department of Regulation. Deepak Kumar’s tenure as Executive Director of the RBI ended on 30 April, 2024.
At present, the RBI has 16 Executive Directors. Some of the RBI’s executive directors include - Manoranjan Mishra, P.
Vasudevan, Neeraj Nigam, Rajiv Ranjan, Ajay Kumar, R. Subramanian, etc. {Read more}
Smart Points:
• R. Lakshmi Kanth Rao – appointed as ED of RBI w.e.f. May 10, 2024 (in the place of Deepak Kumar)
• As an ED, he will handle DICGC, Right to Information Act & Department of Communication
https:// /#
40. National Payments Corporation of India (NPCI) launched the “RuPay - Link it, Forget it”
campaign during the Indian Premier League (IPL). Created by DDB Mudra Group, the campaign’s
goal was to raise awareness about RuPay Credit cards, which can be seamlessly linked to a UPI
ID, enabling secure and convenient payments. The campaign features the dynamic Shankar
Mahadevan and others. {Read more}
Smart Points:
• NPCI – launched “RuPay - Link it, Forget it” campaign during IPL | Created by – DDB Mudra Group
• Aim: To raise awareness about RuPay Credit cards enabling secure & convenient payments
• HQs of NPCI – Mumbai | Chairman – Ajay Kumar Choudhary | MD & CEO – Dilip Asbe | Established in – 2008
• HQs of DDB Mudra Group – Mumbai | Chairman – Madhukar Kamath | CEO – Aditya Kanthy | Founded in – 1980
41. Banking tech unicorn, Zeta, has launched digital credit-as-a-service product for banks.
The offering is based on NPCI’s Credit Line on UPI offer, which uses the UPI network to
turbo-charge credit issuance in India. Zeta estimates that the transaction volume on this
scheme will exceed $1 trillion by 2030 and aims to capture 50% of this market
opportunity, that can help banks launch multi-form credit products. Founded by Bhavin
Turakhia and Ramki Gaddipati in 2015, Zeta’s platform enables financial institutions to launch banking asset and liability
products. Ramki Gaddipati is the CEO APAC & Global CTO of Zeta. {Read more}
Smart Points:
• Zeta – launched digital credit-as-a-service product for banks based on NPCI’s ‘Credit Line on UPI’
• NPCI’s ‘Credit Line on UPI’ – uses UPI network to turbo-charge credit issuance in India
• According Zeta: Transaction volume on this scheme will exceed $1 trillion by 2030
• HQs of Zeta – Mumbai, Maharashtra | Founders – Bhavin Turakhia & Ramki Gaddipati | Founded – 2015
42. India’s Industrial Production (IIP) growth rate slowed to 4.9% in March 2024, as against 5.7% in February 2024, as per
the data released by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation
(MoSPI). The previous high of IIP was recorded at 11.9% in October 2023. The cumulative growth rate for the period of April-
March 2023-24 over the corresponding period of the previous year stood at 5.8%. The manufacturing sector’s output grew
5.2% in March 2024. Meanwhile, power generation grew by 8.6%. While mining production witnessed a growth of 1.2%.
{Read more}
Smart Points:
• As per the data released by NSO (MoSPI):
- IIP growth rate slowed to 4.9% in March 2024, as against 5.7% in February 2024
• Growth in different sectors in Mar 2024: Manufacturing – 5.2% | Mining – 1.2% | Power – 8.6%
• Cumulative IIP’s growth during FY24 – 5.8%
• HQs of NSO – New Delhi | Chairperson – Bimal Kumar Roy
43. Thomas Cook (India) has launched “TCPay”, a new digital service that brings ease and efficiency to international money
transfers. The simple digital platform, associated with Thomas Cook’s recently launched Video KYC process, assists
customers in transferring funds from the comfort and convenience of their homes. The new TCPay service comes with
several advantages like accessible 24*7, paperless transfer, and a simple and seamless digital interface across Thomas Cook’s
digital tools: FXNOW (B2C app), Portal, and Call Center for assistance. Deepesh Varma is the Executive Vice President of
Thomas Cook (India). {Read more}
https:// /#
Smart Points:
• Thomas Cook (India) – launched a new digital service, “TCPay”
• Aim: To bring ease & efficiency to international money transfers
• HQs of Thomas Cook (India) – Mumbai, Maharashtra | CEO – Mahesh Iyer
44. China has emerged as the largest trading partner of India with $118.4 billion bilateral trade in FY 2023-24, surpassing
the US, according to the data published by Global Trade Research Initiative (GTRI). The data showed that India’s exports to
China rose by 8.7% to $16.67 billion in FY24. While, imports from China increased by 3.24% to $101.7 billion. On the other
hand, exports to the US dipped by 1.32% to $77.5 billion in FY24, while imports dipped by about 20% to $ 40.8 billion.
According to the Commerce Ministry data, China was India’s top trading partner from 2013-14 till 2017-18 and also in 2020-
21. Before China, the UAE was the country’s largest trading partner. The US was the largest partner in 2021-22 and 2022-
23. {Read more}
Smart Points:
• As per the data published by Global Trade Research Initiative (GTRI):
• China – became largest trading partner of India with $118.4 billion bilateral trade in FY24 (surpassing US)
- India’s exports to China – rose by 8.7% to $16.67 billion
- India’s imports from China – rose by 3.24% to $101.7 billion
• In FY24, India’s trade with US: Exports – dipped by 1.32% to $77.5 billion | Imports – dipped by 20% to $40.8 billion
• MoC&I data: China was India’s top trading partner from FY14 till FY18 & also in FY21
• UAE was India’s largest trading partner before China | US – largest partner in FY22 & FY23
45. The State Bank of India (SBI) has secured the distinction of being the first bank to become a trading-cum-clearing (TCM)
Member of India International Bullion Exchange (IIBX) at the GIFT City in Gujarat. This milestone enables SBI IBU Gift City to
conduct trades on the IIBX platform and settle them on behalf of its clients. The RBI guidelines permitted branches of an
Indian Bank in GIFT IFSC to act as a trading member (TM)/trading and clearing member (TCM) of IIBX. The RBI also allowed
Special Category Clients (SCC) which are nominated banks in India to import gold through IIBX. {Read more}
Smart Points:
• SBI – first bank to become a trading-cum-clearing (TCM) Member of IIBX at the GIFT City in Gujarat
• It enables SBI IBU Gift City to conduct trades on IIBX platform & settle them on behalf of its clients
46. Aurm, an asset protection firm has announced a strategic partnership with Tata AIG General
Insurance, to provide comprehensive insurance coverage to its customers for their valuables.
Under this partnership, Aurm’s vaults will be fully insured for up to Rs 25 lakh. Aurm partners
with banks and real estate companies to offer safe deposit storage facilities that are fully
automated. Aurm vaults are equipped with military grade security infrastructure, active
surveillance and intrusion detection systems. Suraj HS is the Co-founder of Aurm. {Read more}
Smart Points:
• Aurm + Tata AIG General Insurance = to provide comprehensive insurance coverage to its customers for their valuables
• Aurm’s vaults will be fully insured for up to – Rs 25 lakh
https:// /#
• HQs of Aurm – Bengaluru, Karnataka | Co-founder – Suraj HS
• HQs of Tata AIG Gen Ins – Mumbai, Maharashtra | MD & CEO – Neelesh Garg
47. India’s total exports (Merchandise and Services combined) in April 2024 are estimated to be $64.56 billion, exhibiting a
positive growth of 6.88% over April 2023. Total imports (Merchandise and Services combined) in April 2024 are estimated
to be $71.07 billion, exhibiting a positive growth of 12.78% over April 2023. The trade deficit rose from $2.62 billion to $6.51
billion in April 2024. Merchandise exports in April 2024 were $34.99 billion. Merchandise imports in April 2024 were $54.09
billion. While, services exports in April 2024 were $29.57 billion, services imports in April 2024 were $16.97 billion. In the
financial year 2023-24, India registered record exports of $778 billion. While, overall imports declined to $853.8 billion in
FY24. Overall trade deficit significantly rose to $75.6 billion in FY24. {Read more}
Smart Points:
• India’s total exports in Apr 2024 – estimated to be $64.56 billion (6.88% y-o-y growth)
• India’s total imports in Apr 2024 – estimated to be $71.07 billion (12.78% y-o-y growth)
• In Apr 2024: Merchandise exports – $34.99 bn | Merchandise imports – $54.09 bn
• In Apr 2024: Services exports – $29.57 bn | Services imports – $16.97 billion
• Trade deficit in Apr 2024 – rose to $6.51 bn (from $2.62 bn) | Trade deficit in FY24 – rose to $75.6 bn
• In FY24, India registered exports of $778 bn & imports of $853.8 bn
48. India’s annual retail inflation rate for April showed a slight decrease to 4.83% from 4.85%
in March, marking an 11-month low. This is the eighth consecutive month where inflation
has stayed within the Reserve Bank of India’s acceptable range of 4% with a tolerance band
of 2-6%. The annual rate of inflation based on all India Wholesale Price Index (WPI) number
is 1.26% (Provisional) for April, 2024 (over April, 2023). The WPI Food Index increased from
180.1 in March to 183.6 in April. The rate of inflation based on WPI Food Index increased
from 4.65% in March to 5.52% in April. The Primary Articles index increased by 1.97% to 186.7 in April. The Fuel and Power
group index declined by 0.26% to 154.8 in April. The index for Manufactured Products group also increased by 0.50% to
140.8 in April. {Read more}
Smart Points:
• India’s annual retail inflation rate for April – decreased to 4.83% (from 4.85% in March)
• This is 8th consecutive month where inflation has stayed within RBI’s acceptable range of 4% (tolerance band of 2-6%)
• Annual rate of inflation based on all India WPI number – 1.26% (Provisional) for April 2024
• In April 2024:
- WPI Food Index – increased to 183.6 (from 180.1 in March)
- Rate of inflation based on WPI Food Index – increased to 5.52% (from 4.65% in March)
- Primary Articles index – increased by 1.97% to 186.7
- Fuel & Power group index – declined by 0.26% to 154.8
- Index for Manufactured Products group – increased by 0.50% to 140.8
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49. India’s fintech company PhonePe has enabled Unified Payments Interface (UPI)
payment acceptance in Sri Lanka in collaboration with LankaPay. PhonePe users can
simply scan LankaQR code to make secure and quick payments without carrying cash
or calculating currency conversions. UPI is India’s mobile-based fast payment system,
which facilitates customers to make round-the-clock payments instantly, using a
Virtual Payment Address (VPA) created by the customer. In 2023, a record 100 billion
transactions valued at Rs 2 trillion were made via UPI. {Read more}
Smart Points:
• PhonePe + LankaPay – enabled UPI payment acceptance in Sri Lanka
• PhonePe users can scan LankaQR code to make quick payments without cash or calculating currency conversions
• In 2023, 100 billion transactions valued at Rs 2 trillion were made via UPI
• HQs of PhonePe – Bangalore, Karnataka | MD & CEO – Sameer Nigam | Founded in – 2015
• Sri Lanka – Colombo/Sri Jayawardenepura Kotte – Sri Lankan Rupee
• PM – Dinesh Gunawardena | President – Ranil Wickremesinghe
50. Tata AIG General Insurance has introduced India’s first “Satellite In-Orbit Third-Party Liability
Insurance”. Third-party liability insurance is a key requirement for private enterprises in the
satellite space. This cover caters to the growing needs of satellite manufacturers and operators
in the Indian space sector. The cover also protects the satellite owner form legal claims arising
from third-party bodily injury and third-party property damage involving a satellite in orbit. With
the privatisation of space launches, India targets a five-fold increase in its global launch market
share, projected to reach $47.3 billion by 2032. {Read more}
Smart Points:
• Tata AIG General Insurance – introduced India’s first “Satellite In-Orbit Third-Party Liability Insurance”
• This cover caters to growing needs of satellite manufacturers & operators in the Indian space sector
• India targets a five-fold increase in its global launch market share, projected to reach $47.3 billion by 2032
• HQs of Tata AIG Gen Ins – Mumbai, Maharashtra | MD & CEO – Neelesh Garg
51. The unemployment rate for people aged 15 years and above in urban areas declined to 6.7%
in the January-March 2024 period, from 6.8% a year ago, according to the 22nd Periodic Labour
Force Survey (January to March 2024) released by the National Sample Survey Office (NSSO).
The unemployment rate among females (aged 15 years and above) in urban areas declined to
8.5%. Among males, the unemployment rate in urban areas rose to 6.1%. Labour force
participation rate in Current Weekly Status (CWS) in urban areas for people aged 15 years and
above increased to 50.2%. The worker population ratio for persons of age 15 years and above increased to 46.9% (female’s
rose to 23.4%). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
The NSSO launched PLFS in April 2017. {Read more}
Smart Points:
• 22nd Periodic Labour Force Survey (January to March 2024) – released by NSSO
• Unemployment rate for people (aged 15 years & above) in urban areas – 6.7% (male - 6.1% | female - 8.5%)
• LFPR in Current Weekly Status in urban areas (aged 15 years & above) – 50.2%
• Worker Population Ratio for persons of age 15 years & above: Male – 46.9% | Female – 23.4%
• NSSO launched PLFS in April 2017
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• HQs of NSSO – New Delhi | DG – Geeta Singh Rathore (under Ministry of Statistics & Program Implementation)
• MoS I/C of Ministry of Statistics & Programme Implementation: Rao Inderjit Singh | Constituency – Gurgaon
52. Life Insurance Corporation (LIC) of India has been granted a 3-year extension by the Securities and Exchange Board of
India (SEBI) to achieve a 10% public shareholding. LIC is required to increase its public shareholding to 10% on or before May
16, 2027. According to SEBI norms, a company must attain a 10% public shareholding within three years from the date of
listing. LIC was listed on May 17, 2022. {Read more}
Smart Points:
• LIC – granted a 3-year extension by SEBI to achieve a 10% public shareholding
• LIC is required to increase its public shareholding to 10% on or before May 16, 2027 | LIC – listed on May 17, 2022
• As per SEBI, a company must attain a 10% public shareholding within 3 years from date of listing
• HQs of LIC – Mumbai | Chairman – Siddhartha Mohanty | Founded in – 1956 | Tagline – ‘Yogakshemam Vahamyaham’
4 MDs of LIC – R. Doraiswamy, Sat Pal Bhanoo, Tablesh Pandey & M. Jagannath
53. HDFC Bank has launched a new virtual credit card called “PIXEL”. The card will come in two variants
- PIXEL Play and PIXEL Go. PIXEL signifies HDFC Bank’s debut in an end-to-end mobile app-based
customizable credit card range. While PIXEL Play will enable users to create their own cards with
personalized benefits, PIXEL Go is tailored for beginners aiming to build their credit scores. {Read more}
Smart Points:
• HDFC Bank – launched a new virtual credit card called “PIXEL” in two variants - ‘PIXEL Play’ & ‘PIXEL Go’
54. Bank of Maharashtra (BoM) has recorded the highest growth rate in FY 2023-24 in terms of total business and deposit
mobilisation among public sector lenders. BoM has registered a 15.94% rise in the total business (domestic) in FY24, followed
by State Bank of India (SBI) with 13.12% growth. Similarly, BoM continued to maintain its top spot in terms of growth in
deposit mobilisation, with a 15.66% rise in FY24. It was followed by SBI (11.07%) & Bank of India (11.05%). Out of 12 public
sector banks, only these 4 lenders could log a double-digit growth in deposits in the financial year 2023-24. In terms of low-
cost CASA deposits, the Bank of Maharashtra continued to top the chart with 52.73% growth, followed by the Central Bank
of India with a 50.02% rise. With regard to loan growth, UCO Bank topped at 16.38%, followed by BoM at 16.30% & SBI at
16.26%. In terms of capital adequacy ratio, the Bank of Maharashtra was leading PSBs at 17.38%, followed by Indian
Overseas Bank at 17.28% and Punjab & Sind Bank at 17.16%. {Read more}
Smart Points:
• Growth rates among Public Sector Lenders in FY 2023-24:
• In terms of business (domestic): 1st – BoM (15.94%) | 2nd – SBI (13.12%)
• In terms of deposit mobilization: 1st – BoM (15.66%) | 2nd – SBI (11.07%) | 3rd – BOI (11.05%)
• In terms of CASA deposits: 1st – BoM (52.73%) | 2nd – CBoI (50.02%)
• In terms of loan growth: 1st – UCO Bank (16.38%) | 2nd – BoM (16.30%) | 3rd – BOI (16.26%)
• In terms of capital adequacy ratio: 1st – BoM (17.38%) | 2nd – IOB (17.28%) | 3rd – Punjab & Sind Bank (17.16%)
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55. Yes Bank has launched premium banking services under the label ‘Yes Grandeur’ targeting elite and rising affluent class
to drive business growth. The exclusive banking program has an eligibility threshold of average monthly balance of Rs 5 lakh
or a Net Relationship Value (NRV) of Rs 20 lakh, with additional consideration given to loan relationships. It will offer benefits
such as dedicated relationship managers, preferential rates, exemptions on charges, significant discounts on locker facilities,
and a unique 3-in-1 account combining Demat Account & Trading Account with Savings Account. According to the BCG CCI
Proprietary Income Model, India’s affluent segment is projected to expand 2.3 times over the next decade. Moreover, a
report by PRICE highlights that India’s middle class is expected to nearly double, comprising 61% of the total population by
2046-2047. {Read more}
Smart Points:
• Yes Bank – launched ‘Yes Grandeur’, premium banking services targeting elite and rising affluent class
• Eligibility threshold: Average monthly balance of Rs 5 lakh or a Net Relationship Value (NRV) of Rs 20 lakh
• BCG CCI Proprietary Income Model: India’s affluent segment is projected to expand 2.3 times over the next decade
• PRICE: India’s middle class is expected to nearly double, comprising 61% of the total population by 2046-2047
56. Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have
signed an MoU with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers. The
partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital. {Read
more}
Smart Points:
• TMPV & TPEM + Bajaj Finance = an MoU to extend SCF solutions to its passenger & electric vehicle dealers
• HQs of Tata Motors – Mumbai, Maharashtra | Non-Executive Director & Chairman – Natarajan Chandrasekaran
• HQs of Bajaj Finance – Pune, Maharashtra | MD – Rajeev Jain | Established in – 1987
57. Payments firm, Pine Labs, has received approval from a Singapore court to merge its India and
Singapore entities, Pine Labs Limited (PLS) and Pine Labs Private Limited (PLI). This move is aimed
for Singapore-based Pine Labs, to move its domicile to India. Meanwhile, its application for a
reverse merger is under consideration at the National Company Law Tribunal (NCLT). Pine Labs
has become the third fintech company after PhonePe and Groww which relocated its domicile to India from overseas.
Currently, various start-ups including KreditBee, Razorpay, Meesho, and Zepto have been working on shifting their ultimate
holding entities to India. {Read more}
Smart Points:
• Pine Labs – received approval from a Singapore court to merge its India & Singapore entities, Pine Labs Ltd (PLS) & Pine
Labs Private Ltd (PLI)
• Aim: To move its domicile to India
• Pine Labs – 3rd fintech company to relocate its domicile to India from overseas | 1st – PhonePe | 2nd – Groww
• HQs of Pine Labs – Noida, Uttar Pradesh | CEO – B. Amrish Rao
58. SBI General Insurance, one of India’s top general insurance firms, has signed a
strategic bancassurance collaboration agreement with Jana Small Finance Bank, a
leading financial institution in India, to facilitate the sale of non-life insurance
products. Under this strategic relationship, SBI General Insurance will provide Jana
Small Finance Bank customers with a comprehensive variety of general insurance products, such as health, personal injury,
house, auto, and travel insurance. {Read more}
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Smart Points:
• SBI General Insurance + Jana SFB = bancassurance collaboration to facilitate sale of non-life insurance products
• SBI Gen Ins – to provide Jana SFB customers with a comprehensive variety of general insurance products
• HQs of SBI Gen Ins. – Mumbai | MD & CEO – Kishore Kumar Poludasu | Tagline – “Suraksha aur Bharosa Dono”
• HQs of Jana SFB – Bengaluru, Karnataka | MD & CEO – Ajay Kanwal | Chairman (part-time) – S. C. Khuntia
59. Public Sector Banks’ cumulative profit crossed Rs 1.4 trillion in the financial year
2023-24, recording a growth of 35% over the previous year. State Bank of India (SBI)
alone contributed over 40% of the total earnings of all PSBs which is Rs 61,077 crore.
Punjab National Bank had the highest net profit growth with 228% to Rs 8,245 crore,
followed by Union Bank of India and Central Bank of India. During the year, the only
public sector bank out of 12 reported drop in profit was Punjab & Sind Bank (55%
decline). To strengthen public sector banks, the government has implemented a comprehensive 4R strategy: Recognising
NPAs transparently, Resolution and recovery, Recapitalising PSBs, and Reforms in the financial ecosystem. As part of the
strategy, the government infused an unprecedented Rs 3,10,997 crore to recapitalise PSBs during the last 5 financial years,
from 2016-17 to 2020-21. {Read more}
Smart Points:
• Public Sector Banks’ cumulative profit – crossed Rs 1.4 trillion in FY24, recording a growth of 35%
• Among total earnings of all PSBs (Rs 61,077 Cr): SBI – contributed over 40% (highest)
• Highest net profit growth: PNB – 228% to Rs 8,245 Cr | 2nd – UBI | 3rd – CBI
• The only PSB reporting drop in profit – Punjab & Sind Bank (55% decline)
• As part of 4R strategy, govt infused Rs 3,10,997 Cr to recapitalise PSBs from 2016-17 to 2020-21
• 4R – Recognising NPAs transparently, Resolution & recovery, Recapitalising PSBs, & Reforms in the financial ecosystem
60. A wealth management platform Upstox, backed by Ratan Tata and Tiger Global, has
forayed into the insurance distribution business. Currently, Upstox is offering term life
insurance on its platform and is planning to roll out health, motor and travel insurance soon.
HDFC Life is among the first insurers to partner with Upstox and feature their term insurance
plans on the platform. Upstox is a one-stop-shop for a wide array of financial instruments
including stocks, IPOs, F&O, commodities, currencies, fixed deposits, P2P lending, government
bonds, T-Bills, NCDs, gold, insurance, etc. Kavitha Subramanian is the Co-Founder of Upstox.
{Read more}
Smart Points:
• Upstox (backed by Ratan Tata & Tiger Global) – forayed into insurance distribution business
• HDFC Life is among the first insurers to partner with Upstox and feature their term insurance plans on the platform
• HQs of Upstox – Mumbai, Maharashtra | Co-Founder – Kavitha Subramanian
61. The board of IndiaFirst Life Insurance has approved the elevation of Rushabh Gandhi (currently
Deputy CEO), as the MD and CEO. Gandhi will have a 5-year term effective July 1, 2024. He will
succeed R. M. Vishakha who has been serving since 2015. Gandhi’s appointment is subject to
approval of Insurance Regulatory and Development Authority of India (IRDAI). {Read more}
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Smart Points:
• Rushabh Gandhi (Deputy CEO) – approved as MD & CEO of IndiaFirst Life Insurance for 5 years effective July 1, 2024
• He will succeed – R. M. Vishakha
• HQs of IndiaFirst Life Insurance – Mumbai, Maharashtra | CEO – R. M. Vishakha (From July’24 - Rushabh Gandhi)
62. Airbus Helicopters and Small Industries Development Bank of India (SIDBI) signed an MoU for financing the purchase of
Airbus’ helicopters in India. Under the MoU, both Airbus Helicopters and SIDBI would identify potential civil helicopter
operators in India interested in financing solutions for purchasing the helicopters. This collaboration marks the foray of SIDBI
into helicopter financing and meeting the financial and development needs of India’s rotary wing sector. {Read more}
Smart Points:
• Airbus Helicopters + SIDBI = an MoU for financing the purchase of Airbus’ helicopters in India
• This collaboration marks foray of SIDBI into helicopter financing & meeting the financial & development needs of India’s
rotary wing sector
• HQs of Airbus – Leiden, Netherlands | CEO – Guillaume Faury | President & MD (India & South Asia) – Remi Maillard
• HQs of SIDBI – Lucknow, UP | MD & Chairman – Sivasubramanian Ramann | Established in – 1990
63. The Reserve Bank of India (RBI), during the 608th meeting of the central board, has approved a
massive, all-time high surplus transfer of Rs 2,10,874 crore to the Central Government for the
accounting year 2023-24 (FY24). This transfer is well above the budgeted figure of Rs 1.5 trillion in the
interim budget for FY25 under dividends and profits. This bumper surplus transfer could help the
government either borrow less in FY25 or step-up capital expenditure. The previous highest surplus
transfer was Rs 1,76,051 crore in 2018-19. According to a Union Bank report, the RBI primarily holds
70% of its balance sheet in the form of foreign currency assets and 20% in domestic government bonds and has earned an
interest of Rs 1.5-1.7 trillion from these in FY24. The central board of the RBI has 13 members. Apart from the governor, the
other 12 members include the 4 deputy governors and 8 external members. {Read more}
Smart Points:
• During the 608th meeting of the central board:
• RBI approved a massive all-time high surplus transfer of Rs 2,10,874 Cr to the Central Govt for FY24
• Estimated figure in the interim budget for FY25 – Rs 1.5 trillion
• The previous highest surplus transfer was Rs 1,76,051 crore in 2018-19
• RBI primarily holds 70% of its balance sheet in the form of foreign currency assets and 20% in domestic govt bonds
- It has earned an interest of Rs 1.5-1.7 trillion from these in FY24
• The central board of RBI has 13 members = 1 Governor + 4 Deputy Governors + 8 External Members
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64. The market capitalisation (mcap) of all listed companies and traded on the Bombay Stock
Exchange (BSE) rose 61% since the end of March 2023, compared to an estimated 10% growth in
India’s Gross Domestic Product (GDP) at current prices in FY24, according to a Business Standard
report. India’s mcap-to-GDP ratio has hit a 15-year high of 140.2% in FY24, up sharply from 95.8%
in FY23. The current ratio is just a notch below the all-time high of 149.4% at the end of December
2007. The total valuation of all BSE-listed companies has reached $5 trillion or over Rs 414.46
trillion on May 21, as against India’s GDP at current prices of Rs 296.6 trillion in FY24. With this,
India has now become the 5th country after the US, China, Japan, and Hong Kong whose market capitalisations have crossed
the $5-trillion mark. {Read more}
Smart Points:
• M-cap of all listed companies & traded on BSE rose 61% since the end of March 2023, against 10% growth in GDP
• India’s mcap-to-GDP ratio – hit 15-year high of 140.2% in FY24 (from 95.8% in FY23) | All-time high - 149.4% (Dec 2007)
• For the first time, the total valuation of all BSE-listed companies has reached $5 trillion or over Rs 414.46 trillion
• With this, India become the 5th country whose m-cap has crossed $5-trillion mark (after US, China, Japan, Hong Kong)
• HQs of BSE – Mumbai, MH | Chairman – Pramod Agrawal | MD & CEO – Sundararaman Ramamurthy
65. Singapore-based angel investment network, ThinKuvate, has launched a Rs 100 Crore
(about $12 million) fund focusing on technology startups in India. ThinKuvate India Fund,
the company’s first India-focused fund, will take a sector-agnostic approach and invest up
to Rs 3 crore as initial amount in startups. It aims to invest in 12-15 startups every year.
The Gurugram-based angel investment firm, Finvolve, which is a joint venture of India
Accelerator and Finolutions, has closed its two maiden funds at a total corpus of Rs 100
crore. Finvolve aims to invest a minimum of Rs 25 lakh in sector-agnostic startups, about
25-35 in number. {Read more}
Smart Points:
• ThinKuvate (Singapore) – launched a Rs 100 Cr (about $12 million) fund, ‘ThinKuvate India Fund’
• ThinKuvate’s first India-focused fund focuses on technology startups in India (aims to invest in 12-15 startups every year)
• Finvolve (a JV of Accelerator & Finolutions) – closed its two maiden funds at a total corpus of Rs 100 crore
• Finvolve (Gurugram) – aims to invest a minimum of Rs 25 lakh in sector-agnostic startups
66. Liminal Custody, a Singapore-based digital asset custody and wallet infrastructure platform, announced the registration
of its Indian entity ‘First Answer India Technologies Private Limited’ with the Financial Intelligence Unit - India (FIU-IND). The
FIU registration empowers Liminal Custody to operate seamlessly within India’s established regulatory framework to combat
money laundering and terrorist financing activities. FIU-IND is the central, national agency responsible for receiving,
processing, analysing and disseminating information relating to suspicious financial transactions to enforcement agencies
and foreign FIUs. {Read more}
Smart Points:
• Liminal Custody (Singapore) + FIU-IND = to register its Indian entity ‘First Answer India Technologies Private Limited’
• FIU registration empowers Liminal Custody to operate seamlessly within India’s established regulatory framework
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67. Fi, a neobanking startup of Epifi Technologies & backed by investors such as Peak XV and
Temasek, has secured a non-banking finance company (NBFC) licence from the Reserve Bank of
India, enabling it to provide loans from its own books. Founded by former Google executives,
Narayanan and Sumit Gwalani in 2019, Fi is a money management app that offers users a zero-
balance savings account, helps plan investments in mutual funds and keep track of expenses. Sujith
Narayan is the CEO of Fi. {Read more}
Smart Points:
• Fi – secured an NBFC licence from RBI, enabling it to provide loans from its own books
• Fi provides zero-balance savings accounts & other services like investments, payments & savings to its users
• HQs of Fi – Bengaluru, Karnataka | CEO – Sujith Narayan | Founded in – 2019
68. The Reserve Bank of India (RBI) has imposed monetary penalties on Yes Bank and ICICI Bank
for non-compliance with certain directives. Yes Bank has been fined Rs 91 lakh for failing to adhere
to the guidelines on ‘Customer Service in Banks’ and ‘Un-authorized Operation of lnternal/Office
Accounts’, while ICICI Bank has been penalized Rs 1 crore for not complying with certain directions
issued by the RBI on ‘Loans and Advances - Statutory and Other Restrictions’. {Read more}
Smart Points:
• RBI – imposed monetary penalties on Yes Bank (Rs 91 lakh) & ICICI Bank (Rs 1 Cr) for non-compliance with certain
directives
69. The Reserve Bank of India (RBI) has granted its approval for the appointment of Pradeep Kumar Sinha as
the Part-time Chairman of ICICI Bank. Sinha is set to assume this role for a term of 3 years, starting from July
1, 2024. Sinha will step into the position vacated by G. C. Chaturvedi, who is due to retire as Non-Executive
Part-time Chairman on June 30, 2024. Sinha has been a Government Nominee Director in numerous major
Public Sector Undertakings like ONGC, IOCL, HPCL, BPCL, GAIL, etc. {Read more}
Smart Points:
• Pradeep Kumar Sinha – appointed by RBI as Part-time Chairman of ICICI Bank for 3 years (succeeding - G. C. Chaturvedi)
70. The International Financial Services Centre Authority (IFSCA) has established an Expert Committee
to position the country’s first IFSC at Gift City in Gandhinagar, as a “Global Trading Hub”. The 21-
member committee will be chaired by Former Union Commerce Secretary, Rajeev Kher.
Representatives of IFSCA, DGFT, IIBX, ICICI Bank, ONGC, IOCL, Reliance Industries Limited, StoneX,
NMDC, JP Morgan Chase, Tata Steel and Arvind Limited, etc. are among the 21 members of the
committee. The committee will explore the potential advantages that could be derived to GIFT-IFSC ecosystem, study global
policies, programmes and policies of leading jurisdictions and propose steps to promote GIFT IFSC as a Global Commodity
Trading Hub. The committee will also identify key groups of commodities such as metals - precious / base / rare earth; energy
/ hydrocarbons; & agricultural commodities that should be given higher priority for developing IFSC ecosystem. {Read more}
Smart Points:
• IFSCA – established an Expert Committee to position India’s 1st IFSC at Gift City (Gandhinagar) as “Global Trading Hub”
• The 21-member Expert Committee will be chaired by – Rajeev Kher (Former Union Commerce Secretary)
• HQs of IFSCA – Gandhinagar, Gujarat | Chairman – K. Rajaraman | Established – 2020
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71. Kerala has recorded the highest unemployment rate at 31.8% among the 15-29 age group in urban areas for the January-
March quarter of 2024, while Delhi had the lowest unemployment rate, according to the latest Periodic Labour Force Survey
(PLFS) released by the Ministry of Statistics and Programme Implementation (MOSPI). The survey, which covered 22 states
and Union territories, identified Jammu & Kashmir (28.2%), Telangana (26.1%), Rajasthan (24%), and Odisha (23.3) as other
states with high unemployment rates in this age category. While among lowest unemployment rate, Delhi (3.1%) was
followed by Gujarat (9%), Haryana (9.5%), Karnataka (11.5%), and Madhya Pradesh (12.1). The overall unemployment rate
for the 15-29 age group was 17% for the January-March period, an increase from 16.5% in the previous quarter and slightly
lower than 17.3% reported in the same period in 2023. For all age groups, the unemployment rate was 6.7%, marginally up
from 6.5% in the previous quarter and slightly below the 6.8% from the previous year. The data also highlighted the high
unemployment rate for women, with Jammu & Kashmir at 48.6%, followed by Kerala (46.6%), & Uttarakhand (39.4%). The
overall female unemployment rate for the January-March quarter was 22.7%. {Read more}
Smart Points:
• States with the highest & lowest unemployment rates in 15-29 years age group in Jan-March 2024:
• The survey covered 22 states & UTs

• Overall unemployment rate for 15-29 yrs age group in Jan-March 2024 – 17% (from 17.3% previous year)
• Overall female unemployment rate in Jan-March 2024 – 22.7%
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72. According to the RBI’s latest “State of Economy” report, net foreign direct investment
(FDI) flows into India dropped 62.17 per cent to $10.58 billion in 2023-24 (FY24), the
lowest since 2007, from $27.98 billion the previous year. This was mainly on account of
higher repatriation of capital and Indian companies’ investments abroad. As per the data,
$44.4 billion of the $70.9 billion gross FDI flows into the country in FY24 was repatriated
through dividends, share sale or disinvestment, while another $15.96 billion was invested
overseas by Indians. India has been among the top 10 economies expected to see a high
FDI momentum in 2024. Besides, the share of global FDI capital expenditure originating
from G20 emerging markets rose to 14.9% in 2023. Indian companies announced over 550 greenfield FDI projects abroad,
the highest in any year before. {Read more}
Smart Points:
• “State of Economy” report – released by RBI
• Net FDI flows in India – dropped 62.17% to $10.58 bn in FY24, lowest since 2007 (from $27.98 bn in FY23)
• Out of $70.9 bn gross FDI flows in India in FY24:
- $44.4 bn – repatriated through dividends, share sale or disinvestment
- $15.96 bn – invested overseas by Indians
• India is among top 10 economies expected to see a high FDI momentum in 2024
• Share of global FDI capital expenditure from G20 emerging markets – rose to 14.9% in 2023
• Indian companies announced over 550 greenfield FDI projects abroad (highest in any year before)
73. CCAvenue, the payments platform of Gandhinagar-based fintech firm Infibeam Avenues, has
partnered with Shivalik Small Finance Bank to provide merchants registered with it to access to
SFB’s customer base. The partnership would integrate Shivalik SFB’s internet banking service
with its payment platform. In March, CCAvenue collaborated with Saudi-based Saudi Awwal
Bank to deliver secure e-commerce solutions for businesses and consumers in the kingdom. {Read more}
Smart Points:
• CCAvenue + Shivalik SFB = partnership to provide merchants registered with it to access to SFB’s customer base
• CCAvenue + Saudi Awwal Bank (Saudi Arabia) = to deliver secure e-commerce solutions for businesses & consumers
• HQs of Shivalik SFB – Saharanpur, Uttar Pradesh | MD & CEO – Anshul Swami
• HQs of Infibeam Avenues – Gandhinagar, Gujarat | CEO – Vishal Mehta (Infibeam Avenues owns CCAvenue)
74. Formal job creation under the Employees’ Provident Fund Organisation (EPFO) went up
by 11.4% in 2023-24 to 15.4 million, as against 13.85 million formal jobs created in 2022-23,
according to the Provisional Payroll Data released by the EPFO. The data shows 1.44 million
net members were added to EPFO in March, 2024. The number of new additions to the
payroll was low in FY24 (1.07 crore), compared to FY23 (1.14 crore). Uttar Pradesh and
Uttarakhand saw the highest growth of 20.3% & 19.99%, respectively, in the number of formal jobs created in FY24. The
others in the list of top five States with the highest growth in formal job creation include Rajasthan, Punjab and Himachal
Pradesh. {Read more}
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Smart Points:
• Provisional Payroll Data – released by EPFO
• Formal job creation under EPFO – rose by 11.4% in 2023-24 to 15.4 million (from 13.85 million in 2022-23)
• Net members added to EPFO in Mar 2024 – 1.44 million | New additions to payroll – 1.07 Cr in FY24
• Highest growth in number of formal jobs created in FY24: 1st – UP (20.3%) | 2nd – Uttarakhand (19.99%)
- 3rd – Rajasthan | 4th – Punjab | 5th – Himachal Pradesh
• HQs of EPFO – New Delhi | CEO – Neelam Shami Rao | Established in – 1952
75. The Reserve Bank of India (RBI) has introduced a mobile application named the “G-sec App”
under its Retail Direct Scheme. This initiative is designed to simplify the process of investing in
government securities (G-secs) like bonds & treasury bills for retail investors. Treasury bills are short-
term securities with maturities of less than 12 months, while bonds are issued for longer durations.
Besides, the RBI also launched “PRAVAAH” (Platform for Regulatory Application, Validation and
Authorisation), a secure and centralised web-based portal for any individual or entity to seek
authorisation, licence, or regulatory approval on any reference made by it to the RBI. At present, 60 application forms
covering different regulatory and supervisory departments of the RBI have been made available on the portal. The RBI has
also launched the ‘FinTech Repository’ to capture essential information about fintech entities, their activities, technology
uses, etc. Simultaneously, a related repository called ‘EmTech Repository’, is launched for only RBI-regulated entities on
their adoption of emerging technologies. The FinTech and EmTech Repositories are secure web-based applications and are
managed by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI. {Read more}
Smart Points:
• RBI – introduced a mobile application named “G-sec App” under its Retail Direct Scheme
- Aim: To simplify investing process in government securities (G-secs) like bonds & treasury bills for retail investors
• RBI – launched “PRAVAAH” portal for one seeking regulatory approval on any reference made by it to RBI
- PRAVAAH – Platform for Regulatory Application, Validation and Authorisation
• RBI – launched ‘FinTech Repository’ to capture essential information about fintech entities, their activities, etc.
• RBI – launched ‘EmTech Repository’ for only RBI-regulated entities on their adoption of emerging technologies
• FinTech & EmTech Repositories are managed by – RBIH
• CEO of RBIH – Rajesh Bansal | CTO of RBIH – Amit Saxena (a subsidiary of RBI)
76. Four European banks have asked the Reserve Bank of India (RBI) to approve a third-party transaction model. Credit
Agricole, Societe Generale, Deutsche Bank, and BNP Paribas seek to resolve a deadlock between their home authorities and
Indian policymakers regarding audit oversight rights. The European banks face hurdles in trading Indian government bonds
and derivatives since the European Securities and Markets Authority (ESMA) de-recognised the Clearing Corp of India (CCIL)
in October 2022. With a deadline of October 2024 to stop transactions with CCIL, European banks are now compelled to
establish an alternative third-party clearing mechanism. State Bank of India and ICICI Bank are poised to serve as local
intermediaries for the proposed third-party clearing model. {Read more}
Smart Points:
• Credit Agricole, Societe Generale, Deutsche Bank & BNP Paribas – asked RBI to approve a third-party transaction model
https:// /#
• European Securities & Markets Authority (ESMA) – de-recognised Clearing Corp of India (CCIL) in October 2022
• SBI & ICICI Bank – poised to serve as local intermediaries for proposed third-party clearing model
77. The Prudential Authority of the South African Reserve Bank has imposed a financial penalty of 10 million rand (Rs 4.5
crore) on the State Bank of India’s South Africa branch. This penalty was imposed under Section 45C of the country’s
Financial Intelligence Centre Act 38 of 2001 (FIC Act) for non-compliance with certain provisions of the FIC Act or other
related orders or directives. {Read more}
Smart Points:
• Prudential Authority of South African Reserve Bank – imposed a penalty of Rs 4.5 Cr on SBI’s South Africa branch
• South Africa – Cape Town – South African Rand | President – Cyril Ramaphosa
78. A Trade Receivables Discounting System (TReDS) platform, Receivables Exchange of India
Limited (RXIL), has achieved a significant milestone, facilitating financing of over 50 lakh
invoices worth Rs 1 trillion (Rs 1 lakh crore) since its inception providing accessible working
capital financing solutions to Micro, Small, and Medium Enterprises (MSMEs) in India. The
RXIL TReDS platform is a robust ecosystem, with more than 25,000 MSMEs registered.
Receivables Exchange of India Limited (RXIL), established as a joint venture of SIDBI, NSE, State Bank of India, ICICI Bank, and
Yes Bank, launched India’s inaugural Trade Receivables Discounting System (TReDS) platform on December 1, 2016, under
the regulatory framework of RBI. There is immense room for expansion as only 82,000 MSMEs are registered on all TReDS
platforms, out of 4 crore MSMEs registered on the Udyam portal. {Read more}
Smart Points:
• RXIL – achieved a significant milestone, facilitating financing of over 50 lakh invoices worth Rs 1 trillion since inception
• RXIL is a JV of = SIDBI + NSE + SBI + ICICI Bank + Yes Bank
• RXIL – launched India’s inaugural Trade Receivables Discounting System (TReDS) platform on Dec 1, 2016
• HQs of RXIL – Gandhinagar, Gujarat | MD & CEO – Ketan Gaikwad
79. According to the latest data released by the Reserve Bank of India (RBI), India’s outward remittances under the
Liberalised Remittance Scheme (LRS) has hit a new high of $31.73 billion in FY 2023-24, on the back of robust growth in the
international travel segment. The remittances increased 16.91% year-on-year (Y-o-Y) from the previous high of $27.14 billion
clocked in FY23. In FY24, the international travel segment rose to $17 billion, 24.84% higher than $13.66 billion in the year-
ago period. {Read more}
Smart Points:
• As per the latest data released by RBI:
- India’s outward remittances under LRS hit a new high of $31.73 billion in FY 2023-24 (due to travel segment)
- The remittances increased 16.91% year-on-year (Y-o-Y) (from the previous high of $27.14 billion clocked in FY23)
- In FY24, the international travel segment rose to $17 billion (24.84% higher than $13.66 billion in FY23)
https:// /#
Defence Affairs
1. On May 1, the “Supersonic Missile-Assisted Release of Torpedo (SMART)” system was successfully
flight-tested from Dr APJ Abdul Kalam Island off the coast of Odisha. SMART is a next-generation
missile-based light-weight torpedo delivery system, designed and developed by the Defence
Research and Development Organisation (DRDO) to enhance the anti-submarine warfare capability
of the Indian Navy far beyond the conventional range of lightweight torpedo. This canister-based
missile system consists of several advanced sub-systems, namely two-stage solid propulsion system,
electromechanical actuator system, precision inertial navigation system etc. {Read more}
Smart Points:
• SMART system – successfully flight-tested from Dr APJ Abdul Kalam Island off the coast of Odisha
• SMART – Supersonic Missile-Assisted Release of Torpedo | Designed & developed by – DRDO
• It is next-gen missile-based light-weight torpedo delivery system to enhance anti-submarine warfare capability of IN
• HQs of Indian Navy – Delhi | Chief – Admiral Dinesh K. Tripathi | Vice Chief – Vice Admiral Krishna Swaminathan
2. The keel laying ceremony of the first Next Generation Offshore Patrol Vessels (NGOPV) was held at Goa Shipyard Ltd. The
ceremony was presided by VAdm B Siva Kumar. The contracts for indigenous design and construction of 11 NGOPV were
concluded between Ministry of Defence and Goa Shipyard Ltd (GSL) and Garden Reach Shipbuilders and Engineers (GRSE),
Kolkata, with 7 ships to be constructed by Lead Shipyard GSL and 4 ships by Follow Shipyard GRSE. The NGOPVs will be
utilised for performing missions such as Anti-Piracy, Coastal Defence & Surveillance, Search & Rescue and Protection of
Offshore Assets. {Read more}
Smart Points:
• Keel laying ceremony of first Next Generation Offshore Patrol Vessels (NGOPV) – held at Goa Shipyard Ltd (GSL)
• MoD + GSL + GRSE = signed contracts for indigenous design & construction of 11 NGOPV
- 7 ships by – GSL | 4 ships by – GRSE
• NGOPVs will be utilised for performing missions such as Anti-Piracy, Coastal Defence & Surveillance, etc.
• HQs of GSL – Vasco da Gama, Goa | CMD – Brajesh Kumar Upadhyay
• HQs of GRSE – Kolkata, India | Chairman & MD – P. R. Hari | Founded in – 1884
• Ministry of Defence: Rajnath Singh | Constituency – Lucknow, Uttar Pradesh
MoS in Ministry of Defence: Ajay Bhatt
3. Indian Navy has issued a Rs 60,000 crore tender to Indian shipyards Mazagaon Dockyards Limited (MDL) and Larsen and
Toubro (L&T) for building 6 highly advanced submarines in partnership with foreign vendors. The German submarine
manufacturer, ThyssenKrupp Marine Systems, is partnering with the Indian Defence Ministry’s shipyard Mazagon Dock
Shipbuilders Limited (MDL) for the mega tender. The trials began in March 2024 when a team of Indian Navy visited Kiel in
Germany. Spanish firm Navantia and Larsen and Toubro would be showcasing their Air-Independent Propulsion (AIP) system
in June 2024. Spain’s Navantia and Larsen & Toubro had signed a Teaming Agreement (TA) with the purpose of submitting
a techno-commercial bid for the Indian Navy’s P75 (India) submarine program. {Read more}
Smart Points:
• Indian Navy – issued a Rs 60,000 Cr tender to Mazagaon Dockyards and L&T to build 6 highly advanced submarines
• Partnerships with foreign manufacturers: ThyssenKrupp Marine Systems + MDL | Navantia + L&T
https:// /#
• HQs of MDL – Mumbai, MH | CMD – Sanjeev Singhal
• HQs of L&T – Mumbai, Maharashtra | CEO & MD – S. N. Subrahmanyan
4. Bengaluru-based Flying Wedge Defence and Aerospace has unveiled the “FWD-200B”, India’s
first indigenous bomber unmanned aircraft. The indigenous FWD-200B, built with state-of-the-
art technology and manufactured in India, slashes the cost to a mere Rs 25 crores. The FWD-
200B has a payload capacity of 100 kgs and is classified as a MALE Unmanned Combat Aerial
Vehicle (medium-altitude, long-endurance). The Unmanned Aerial System (UAS) consists of
optical surveillance payloads and is integrated with missile-like weapons for precision air strikes.
With a max speed of 200 kts/370 kmph, it has an endurance capacity of 12-20 hours. {Read more}
Smart Points:
• Flying Wedge Defence & Aerospace – unveiled India’s first indigenous bomber unmanned aircraft, “FWD-200B”
• Cost – Rs 25 Cr | Payload capacity – 100 kgs | Max speed – 200 kts/370 kmph | Endurance capacity – 12-20 hrs
• HQs of Flying Wedge Defence & Aerospace – Bengaluru, Karnataka | Founder & CEO – Suhas Tejaskanda
5. The US has approved the sale of 31 “MQ-9B” armed drones to India at an estimated cost
of $3.99 billion. India is procuring the long-endurance drones to bolster the surveillance
capabilities of its armed forces, especially along the Line of Actual Control (LAC) with China.
This acquisition will bolster India’s capability to meet current and future threats by enabling
unmanned surveillance and reconnaissance patrols in sea lanes of operation. Under the deal,
India will get 31 High Altitude Long Endurance (HALE) UAVs, of which the Navy will get 15 ‘SeaGuardian’ drones, while the
Army and the Indian Air Force will get 8 each of the land version, ‘SkyGuardian’. HALE drones are capable of remaining
airborne for over 35 hours and can carry 4 Hellfire missiles and around 450 kgs of bombs. {Read more}
Smart Points:
• US – approved sale of 31 “MQ-9B” armed drones to India (estimated cost - $3.99 billion)
• India will get 31 High Altitude Long Endurance (HALE) UAVs, of which:
- Indian Navy will get 15 ‘SeaGuardian’ drones
- Army & Indian Air Force will get 8 each of land version, ‘SkyGuardian’
• HALE drones – capable of remaining airborne for over 35 hours & can carry 4 Hellfire missiles & around 450 kg bombs
6. Indian Army’s Kharga Corps, under the aegis of Army’s Western Command, successfully conducted a 3-day joint exercise,
“Gagan Strike-II”, with the Indian Air Force (IAF) at multiple locations in Punjab. The exercise was conducted to refine
processes and validate employment of attack helicopters in support of mechanised operations in developed terrain. The
exercise incorporated Apache and ALH-WSI helicopters, Unarmed Aerial Vehicles (UAVs) and special forces of Indian Army.
{Read more}
Smart Points:
• Indian Army + IAF = conducted a 3-day joint exercise, “Gagan Strike-II” in Punjab
• HQs of Indian Army – New Delhi | Chief – General Manoj Pande | Vice Chief – Lt. Gen. Upendra Dwivedi
https:// /#
7. Keel laying ceremony of the 8th Anti-Submarine Warfare Shallow Water Craft (ASW SWC)
was held at Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata. The contract
for indigenous design and construction of 08 x ASW SWC ships was concluded on Apr 29, 2019
between Ministry of Defence and GRSE. As on date, 6 ships of the project have been launched
with delivery of first ship (Arnala) planned in August 24. Arnala class of ship will replace the
in-service Abhay class ASW Corvettes of Indian Navy and are designed to undertake anti-
submarine operations in coastal waters, Low Intensity Maritime Operations (LIMO) & Mine Laying Operations. {Read more}
Smart Points:
• Keel laying ceremony of 8th Anti-Submarine Warfare Shallow Water Craft (ASW SWC) – held at GRSE, Kolkata
• GRSE + MoD = contract for indigenous design & construction of 8 ASW SWC (in April 2019)
• These ‘Arnala’ class of ship – will replace in-service ‘Abhay’ class ASW Corvettes of Indian Navy
8. Ministry of Defence has notified the “Inter-Services Organisations (Command, Control and Discipline) Act”, and it has
been enforced with effect from May 10, 2025. The move comes amid the theaterisation plan envisioned by the government.
The government seeks to integrate the capabilities of the Army, the Air Force and the Navy, and optimally utilise their
resources for wars and operations under the model. The Act empowers Commanders-in-Chief and Officers-in-Command of
ISOs to exercise control over service personnel, serving under them, for effective maintenance of discipline and
administration, without disturbing the unique service conditions of each individual service. {Read more}
Smart Points:
• MoD – notified “Inter-Services Organisations (Command, Control & Discipline) Act”, w.e.f. May 10, 2025
• Govt seeks to integrate capabilities of Army, Air Force & Navy, and optimally utilise their resources for wars & operations
9. Kadet Defence Systems (KDS), in collaboration with Defence Research Development Organisation (DRDO), has successfully
developed India’s first Loitering Aerial Munitions (LAM). Under a unique ‘Development cum Production Partner (DCPP)’
model with the DRDO, KDS has unveiled a game-changing array of cutting-edge technologies aimed at enhancing the
operational efficacy of the Indian armed forces. The LAM Systems, a culmination of relentless innovation and strategic
collaboration, encompass a diverse range of advanced technologies. Kadet’s LAMs represent a paradigm shift in modern
warfare. KDS has received a contract for the delivery of over 50 systems by the end of 2024. Avdhesh Khaitan is the Co-
Founder & CEO of KDS which was established in 2011. {Read more}
Smart Points:
• Kadet Defence Systems + DRDO = developed India’s first Loitering Aerial Munitions (LAM)
• Aim: Enhancing the operational efficacy of the Indian Armed Forces
• KDS has received a contract for the delivery of over 50 systems by the end of 2024
• HQs of KDS – Bengaluru, Karnataka | Co-Founder & CEO – Avdhesh Khaitan | Established in – 2011
https:// /#
10. The 7th edition of India-France Joint Military Exercise, “SHAKTI”, commenced at Umroi, Meghalaya. The Exercise is
scheduled to be conducted from 13th to 26th May 2024. Exercise SHAKTI is a biennial training event conducted alternatively
in India and France. Last edition was conducted in France in November 2021. Indian contingent comprising 90 personnel is
being represented primarily by a Battalion of the RAJPUT Regiment. Aim of Exercise SHAKTI is to enhance joint military
capability of both sides to undertake multi-domain operations in a Sub Conventional scenario under Chapter VII of the
United Nations Mandate. {Read more}
Smart Points:
• 7th edition of India-France Joint Military Exercise, “SHAKTI” – commenced at Umroi, Meghalaya from May 13-26, 2024
• It is a biennial training event conducted alternatively in India & France | Last edition – in France (Nov 2021)
• Indian contingent – represented by a Battalion of the RAJPUT Regiment, comprising 90 personnel
• France – Paris – Euro | President – Emmanuel Macron | PM – Gabriel Attal
11. 3AI Holding Limited and SML India have launched “Hanooman”, India’s homegrown multilingual GenAI platform in 98
global languages, including 12 Indian languages, to build Gen AI ecosystem for India by leveraging the country’s diverse
linguistic and cultural heritage. The platform aims to reach 200 million users within its first year of launch. As part of the
launch, SML India announced its partnership with leading technology stalwarts and innovators like HP, NASSCOM and Yotta.
The company has also collaborated with the Government of Telangana and the Department of Administrative Reforms and
Public Grievances (DARPG), to facilitate seamless translation between English and Telugu. The 12 Indian languages that are
currently available include Hindi, Marathi, Gujarati, Bengali, Kannada, Odia, Punjabi, Assamese, Tamil, Telugu, Malayalam
and Sindhi. Vishnu Vardhan is the Co-Founder & CEO of SML India. {Read more}
Smart Points:
• SML India + 3AI Holding = launched India’s homegrown multilingual GenAI platform, “Hanooman”
• It is launched in 98 global languages (12 Indian languages)
• SML India also announced its partnership with HP, NASSCOM & Yotta
• SML India – collaborated with Telangana & DARPG to facilitate seamless translation between English and Telugu
• HQs of SML India – Telangana | Co-Founder & CEO – Vishnu Vardhan
• HQs of 3AI Holding – Abu Dhabi, UAE | MD – Arjun Prasad
12. Indian Army is set to receive the first “Hermes-900” Starliner drone, known as the
“Drishti-10” drone, on May 18 from Adani Defence Systems. The Indian Army will deploy
the drones at its Bhatinda base. The Hermes-900 is being supplied to Indian forces including
Indian Army and Navy. The first Hermes-900 was delivered to the Indian Navy in January.
Adani Defence had signed a deal with the Israeli firm Elbit for the transfer of technology for
the drones. {Read more}
Smart Points:
• Indian Army – to receive first “Hermes-900” Starliner drone (Drishti-10 drone) from Adani Defence Systems
• Indian Army will deploy these drones at – Bhatinda base | First Hermes-900 – delivered to Indian Navy in Jan 2024
• Adani Defence + Elbit (Israel) = have signed a deal for transfer of technology for these drones
https:// /#
13. The Indian Air Force (IAF) has inducted the Rampage long-range
supersonic Air-to-Surface missiles. This missile is developed by Israel
Aerospace Industries and Israeli Military Industries Systems. It is designed
for missions aimed at destroying high-quality, well-protected targets such
as communication and command centers, air force bases, maintenance
centers, and infrastructure. These missiles, capable of striking targets at
approximately 250 kilometers, have been integrated into the IAF’s fleet of Russian-origin aircraft, including the Su-30 MKI
and MiG-29 fighters, as well as the Jaguar fighter jets. Indian Navy has also welcomed the Rampage missiles into its arsenal,
particularly for the MiG-29K naval fighter jets. In addition to the Rampage missiles, the IAF recently tested the ROCKS (Crystal
Maze-2) missile in the Andaman and Nicobar Islands territory. {Read more}
Smart Points:
• IAF – inducted Rampage long-range supersonic Air-to-Surface missiles | Range – 250 km
• Developed by = Israel Aerospace Industries + Israeli Military Industries Systems
• They are integrated into IAF’s fleet of Russian-origin aircraft, including Su-30 MKI, MiG-29 fighters & Jaguar fighter jets
• Indian Navy – also welcomed Rampage missiles into its arsenal, particularly for MiG-29K naval fighter jets
• IAF – also tested ‘ROCKS (Crystal Maze-2)’ missile in Andaman & Nicobar Islands territory
14. The 7th edition of the Indo-U.S. joint counter terrorism exercise “Tarkash”, between the National Security Guard (NSG)
and the U.S. Special Operations Forces (SOF), was held in Kolkata, West Bengal. The primary objective of the 3-week bilateral
exercise is to build functional relation and enhance interoperability between the two special forces in conducting
coordinated counter terror operations in urban counter terrorism contingencies. The previous edition of the exercise was
conducted at Chennai in January 2023. {Read more}
Smart Points:
• 7th edition of Indo-U.S. joint counter terrorism exercise “Tarkash” between NSG & SOF – held in Kolkata, West Bengal
• Aim: To build functional relation & enhance interoperability between special forces in conducting coordinated counter
terror operations in urban counter terrorism contingencies
• 6th edition was conducted in January 2023 – at Chennai, TN
15. India’s defence sector holds a lucrative ordering opportunity of $138 billion over FY24-32 amid the escalating demand
for defence equipment, technologies, and services, according to a report titled “India Defence” by Nomura. The report
highlights that India’s defence capital expenditure is poised to surge to 37% of the total budget by FY30, marking a
substantial increase from the projected 29% in FY25. This equates to a cumulative capital outlay of Rs 15.5 trillion over FY24-
30. The defence Aerospace sector alone accounts for $50 billion, covering investments in aircraft, helicopters, unmanned
aerial vehicles (UAVs), avionics, and related systems. Defence Shipbuilding is another significant opportunity area, with $38
billion of potential. Investments in Missiles/Artillery/Gun Systems are projected to reach $21 billion. {Read more}
Smart Points:
• “India Defence” report – released by Nomura
• India’s defence sector holds a lucrative ordering opportunity of $138 billion over FY24-32
• India’s defence capital expenditure – to surge to 37% of total budget by FY30 (from projected 29% in FY25)
• Cumulative capital outlay – to reach Rs 15.5 trillion over FY24-30
https:// /#
- Defence Aerospace sector – $50 billion | Defence Shipbuilding – $38 billion
- Investments in Missiles/Artillery/Gun Systems – $21 billion
16. Chief of Defence Staff (CDS) Gen Anil Chauhan has attended the “Exercise Cyber
Suraksha - 2024”. The comprehensive cyber defence exercise was conducted by Defence
Cyber Agency from 20 - 24 May 2024. It aims to further develop Cyber Defence Capability
of all Cyber security organisations and promote synergy amongst all stakeholders. The
exercise aims to empower participants by enhancing their cyber defence skills, techniques
and capabilities; share best practices, and work towards a unified and robust cyber
defence posture. {Read more}
Smart Points:
• CDS Gen Anil Chauhan – attended the “Exercise Cyber Suraksha - 2024” conducted by Defence Cyber Agency
• Aim: To further develop Cyber Defence Capability of all Cyber security organisations
• HQs of Defence Cyber Agency – New Delhi | Current Commander – Rear Admiral Mohit Gupta
17. Three Indian Navy ships - destroyer INS Delhi, fleet tanker INS Shakti and anti-submarine
corvette INS Kiltan - concluded an operational deployment to South China Sea under the
Navy’s Eastern Fleet that saw port calls beginning with Singapore, Malaysia, Vietnam,
Philippines and Brunei, as part of the “Maritime Partnership Exercise”. With this, India
continues to expand its maritime engagement with Southeast Asia as part of the larger
cooperation in the Indo-Pacific in line with Act East and ASEAN (Association of Southeast
Asian Nations) centrality. {Read more}
Smart Points:
• INS Delhi + INS Shakti + INS Kiltan = concluded an operational deployment to South China Sea under “Maritime
Partnership Exercise”
• India Navy’s Eastern Fleet saw port calls beginning with Singapore, Malaysia, Vietnam, Philippines & Brunei
18. Defence Research & Development Organisation (DRDO) has successfully flight-tested
the “Rudram-II” air-to-surface missile from the Su-30 MK-I platform of the Indian Air
Force (IAF) off the coast of Odisha. It is designed to have a strike range of almost 350-
km. The flight-test met all the trial objectives, validating the propulsion system and
control & guidance algorithm. RudraM-II is an indigenously-developed solid-propelled
air-launched missile system meant for Air-to-Surface role to neutralise many types of
enemy assets. A number of state-of-the-art indigenous technologies developed by various DRDO laboratories have been
incorporated in the missile system. {Read more}
Smart Points:
• DRDO – successfully flight-tested “Rudram-II” air-to-surface missile from Su-30 MK-I platform of IAF off coast of Odisha
• It is designed to have a strike range of almost 350-km
https:// /#
Sports & Games
1. Indian archers topped the medal tally with 8 medals (5 gold, 2 silver, 1 bronze)
at Stage 1 of the “Archery World Cup 2024” (18th edition) in Shanghai, China.
Jyothi Surekha Vennam won the ‘individual women’s compound’ event gold
medal by defeating Andrea Becerra of Mexico. India claimed gold medals in all
three compound team events. Indian ‘men’s recurve team’ of Dhiraj
Bommadevara, Tarundeep Rai and Pravin Jadhav defeated the World no.1 ranked
South Korean team in the final to win gold. Jyothi and Abhishek Verma won gold
in ‘Mixed Compound’ event. Riyansh, Prathamesh Fuge, Abhishek Verma, Rajat Chauhan won a gold in ‘Men’s Compound
Team’ event. While, Avneet Kaur, Parneet Kaur, Aditi Gopichand Swami, Jyothi Surekha Vennam won gold in ‘Women’s
Compound Team’ event. Priyansh won silver in ‘Men’s Compound Individual’, while Deepika Kumari won a silver in
‘Women’s Individual Recurve’. Ankita Bhakat & Dhiraj Bommadevara won a bronze in ‘Mixed Recurve Team’ event. In Stage
1 of this 2024 Archery World Cup, South Korea and Spain finished 2nd and 3rd with 7 medals and 2 medals, respectively. The
Stage 2 of this Archery World Cup 2024 will be held in Yecheon, South Korea, from 21-26 May, while Stage 3 will be held in
Antalya, Turkey, from 18-23 June. And the Final will be held in Tlaxcala, Mexico, from 19-20 October, 2024. {Read more}
Smart Points:
• “Archery World Cup 2024 Stage 1” (18th edition) – held in Shanghai, China
• India – topped medal tally with 5 Gold, 2 Silver & 1 Bronze | 2nd – South Korea (7 medals) | 3rd – Spain (2 medals)
• India’ Gold medal winners:
- Jyothi Surekha Vennam (women’s individual compound)
- Dhiraj Bommadevara + Tarundeep Rai + Pravin Jadhav (men’s recurve team)
- Jyothi + Abhishek Verma (compound mixed team)
- Riyansh + Prathamesh Fuge + Abhishek Verma + Rajat Chauhan (men’s compound team)
- Avneet Kaur + Parneet Kaur + Aditi Gopichand Swami + Jyothi Surekha Vennam (women’s compound team)
• India’ Silver medal winners:
- Priyansh (men’s compound individual)
- Deepika Kumari (women’s individual recurve)
• Stage 2 of “Archery World Cup 2024” – to be held in Yecheon, South Korea (from 21-26 May)
• Stage 3 “Archery World Cup 2024” – to be held in Antalya, Turkey (from 18-23 June)
• Final of “Archery World Cup 2024” – to be held in Tlaxcala, Mexico (from 19-20 October)
2. India’s Velavan Senthilkumar won his 8th “Professional Squash Association Tour” title by
winning the Batch Open, a PSA Challenger event, at the Societe Sportive du Jeu de Paume in Paris,
France. World No. 58 Senthilkumar, the top seed, defeated Frenchman Melvil Scianimanico. The
final was held as part of the 12,000 dollars PSA Challenger Tour event. {Read more}
Smart Points:
• Batch Open, a PSA Challenger event – held in Paris, France
• Velavan Senthilkumar (India) – won his 8th “Professional Squash Association Tour” title (defeating - Melvil
Scianimanico)
https:// /#
3. A 4-member girls team that represented India at the 13th “European Girls’ Mathematical
Olympiad (EGMO) 2024” and were trained at Chennai Mathematical Institute (CMI) have
clinched two silver and two bronze medals. This is the second time all four contestants of
the Indian team are securing medals at EGMO since the country’s debut in 2015. Gunjan
Aggarwal (17) from Gurugram and Sanjana Philo Chacko (15) from Thiruvananthapuram
bagged the silver medals. While Larissa (16) from Hisar and Saee Vitthal Patil (17) from
Pune have won bronze medals. EGMO 2024, held in Tskaltubo, Georgia, is an Olympiad
exclusively for high school female students who enjoy mathematics beyond the regular school curriculum. It was started by
the UK in April 2012. {Read more}
Smart Points:
• 13th “European Girls’ Mathematical Olympiad (EGMO) 2024” – held in Tskaltubo, Georgia
• 4-member girls team (India) – clinched two silver & two bronze medals
- Silver – Gunjan Aggarwal (Gurugram) & Sanjana Philo Chacko (Thiruvananthapuram)
- Bronze – Larissa (Hisar) & Saee Vitthal Patil (Pune)
• They were trained at – Chennai Mathematical Institute (CMI)
• EGMO – an Olympiad exclusively for high school female students & was started by UK in April 2012
4. On May 1, the Badminton World Federation (BWF) announced that India will host the “BWF
World Junior Championships 2025” at the National Centre of Excellence in Guwahati, Assam. The
2025 edition in India will mark the return of the BWF Junior World Championships to the country
for the first time since 2008 when Pune hosted the event. Meanwhile, the 2026 edition of the BWF
Thomas and Uber Cup Finals will be hosted by Denmark in Horsens. {Read more}
Smart Points:
• India – will host “BWF World Junior Championships 2025” at National Centre of Excellence in Guwahati, Assam
• India first hosted BWF Junior World Championships – in 2008 in Pune
• 2026 edition of BWF Thomas & Uber Cup Finals – to be hosted by Denmark in Horsens
• HQs of BWF – Kuala Lumpur, Malaysia | President – Poul-Erik Hoyer Larsen
5. The International Cricket Council (ICC) has named former Pakistan skipper Sana Mir as the Ambassador
of the “Women’s T20 World Cup Qualifier 2024” to be held in Abu Dhabi, UAE. She has represented
Pakistan in 226 international games. The 9th edition of ‘2024 ICC Women’s T20 World Cup’ (final) is
scheduled to be held in Bangladesh between September and October 2024. {Read more}
Smart Points:
• Sana Mir (Pakistan) – Ambassador of “Women’s T20 World Cup Qualifier 2024” to be held in Abu Dhabi, UAE
• 9th edition of ‘Women’s T20 World Cup 2024’ (final) – will be held in Bangladesh (in Sep-Oct)
• HQs of ICC – Dubai, UAE | Chairman – Greg Barclay | CEO – Geoff Allardice | Members – 108 countries
6. The National Anti-Doping Agency (NADA) has concluded “#PlayTrue Campaign”, with turnout of more than 12,133
participants and support from athletes, coaches, and sports enthusiasts nationwide. The campaign aimed at fostering
awareness about the importance of clean sport and anti-doping practices in India, and also commemorated World Anti-
Doping Agency’s (WADA) “Play True Day”, observed on April 19. The campaign strived to instill integrity in sports by
advocating for fair play, rejecting doping, and promoting the spirit of fair competition. The campaign featured insightful
awareness sessions covering all aspects of anti-doping regulations. {Read more}
https:// /#
Smart Points:
• NADA – concluded “#PlayTrue Campaign”, with turnout of more than 12,133 participants
• Aim: To foster awareness about importance of clean sport & anti-doping practices in India
• It also commemorated World Anti-Doping Agency’s (WADA) “Play True Day”, observed on April 19
• HQs of NADA – New Delhi | Director-General & CEO – Ritu Sain
• HQs of WADA – Montreal, Canada | President – Witold Bańka | Founded in – 1999
7. Australia has reclaimed No. 1 position in the “ICC Men’s Test Team Rankings” released
recently in May 2024. Australia now lead the table with 124 rating points, while India, with
120 rating points, ranked second, followed by England at third place. India slipped mainly
because their 2-1 series win in Australia in 2020-21 has dropped from the rankings. However,
India remains at the top in the ODI with 122 rating points and T20I rankings with 264 rating
points. Australia and South Africa are at second & third places in ODI rankings. While, Australia
and England are at second & third places in T20I rankings. {Read more}
Smart Points:
• “ICC Men’s Test Team Rankings” – released in May 2024
- 1st – Australia (124 rating points) | 2nd – India (120) | 3rd – England
• In ODI rankings: 1st – India (122 rating points) | 2nd – Australia | 3rd – South Africa
• In T20I rankings: 1st – India (264 rating points) | 2nd – Australia | 3rd – England
8. China regained their status as the top badminton nation in the world winning the men’s and women’s titles at the “2024
BWF Thomas & Uber Cup Finals” in Chengdu, China. The Chinese men’s team defeated Indonesia to win the Thomas Cup for
the 11th time. While the Chinese women’s team defeated Indonesia to win the Uber Cup for the 16 th time. The hosts China
last won both the men’s and women’s titles of this tournament in 2012. Indonesia is the most successful nation in the history
of this tournament. {Read more}
Smart Points:
• “2024 BWF Thomas & Uber Cup Finals” – held in Chengdu, China
• Men’s category – China won ‘Thomas Cup’ for 11th time (defeating - Indonesia)
• Women’s category – China won ‘Uber Cup’ for 16th time (defeating - Indonesia)
• China last won both men’s & women’s titles of this tournament – in 2012
• Most successful nation in the history of this tournament – Indonesia
9. Poland’s Iga Swiatek and Russia’s Andrey Rublev won the women’s and men’s singles titles
at the “2024 Madrid Open”, respectively. This was the first Madrid Open title for the World No.
1 Iga Swiatek. While it was the second Masters 1000 title for the 8th-ranked Rublev. In the final,
Swiatek defeated Aryna Sabalenka of Belarus. While Rublev defeated Felix Auger-Aliassime of
Canada. Jordan Thompson (Australia) and Sebastian Korda (US) won Men’s Doubles title, while
Spanish duo of Sara Sorribes and Cristina Bucsa won Women’s Doubles title. The nine ATP
Master 1000 tennis tournaments organised by ATP are Indian Wells, Miami Open, Madrid Open, Italian Open, Canadian
Open, Cincinnati Masters, Shanghai Masters, Paris Masters, and Monte-Carlo Masters. {Read more}
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Smart Points:
• 2024 Madrid Open:
• Women’s Singles title – won by Iga Swiatek (Poland) | Defeating – Aryna Sabalenka (Belarus)
• Men’s Singles title – won by Andrey Rublev (Russia) | Defeating – Felix Auger-Aliassime (Canada)
• Women’s Doubles title – won by Sara Sorribes & Cristina Bucsa (Spain)
• Men’s Doubles title – won by Jordan Thompson (Australia) & Sebastian Korda (US)
10. Mumbai City FC defeated Mohun Bagan Super Giant FC and emerged as the
winner of “Indian Super League (ISL) Cup 2023-24” at the final held at the Salt Lake
Stadium in Kolkata, West Bengal. Incidentally, Mumbai City FC won its first ISL title in
2020-21 by defeating the Mohun Bagan team. Moreover, Mohun Bagan Super Giant
FC emerged as the winner of “ISL League Shield 2023-24”, by defeating Mumbai City
FC. Besides, the ‘ISL 2023-24 Season Awards’ include - Phurba Lachenpa (Mumbai
City FC) as winner of ‘Golden Glove (Best Goalkeeper)’, Dimitrios Diamantakos
(Kerala Blasters FC) as winner of ‘Golden Boot (Top Goal Scorer)’ with 13 goals, Dimitrios Petratos (Mohun Bagan) as winner
of ‘Golden Ball (Best Player)’, Vikram Partap Singh (Mumbai City FC) as winner of ‘Emerging Player of the League’, Dimitrios
Petratos (Mohun Bagan Super Giant) as winner of ‘Player of the League’. FC Goa won the ‘Grassroots Award’. {Read more}
Smart Points:
• “Indian Super League (ISL) Cup 2023-24” – held at Salt Lake Stadium in Kolkata, West Bengal
• Mumbai City FC – won ‘ISL Cup 2023-24’ (defeating - Mohun Bagan Super Giant FC)
• Mohun Bagan Super Giant FC – won “ISL League Shield 2023-24” (defeating - Mumbai City FC)
• ISL 2023-24 Season Awards:
- ‘Golden Glove (Best Goalkeeper)’ – Phurba Lachenpa (Mumbai City FC)
- ‘Golden Boot (Top Goal Scorer)’ – Dimitrios Diamantakos (Kerala Blasters FC) with 13 goals
- ‘Golden Ball (Best Player)’ – Dimitrios Petratos (Mohun Bagan)
- ‘Emerging Player of the League’ – Vikram Partap Singh (Mumbai City FC)
- ‘Player of the League’ – Dimitrios Petratos (Mohun Bagan Super Giant)
- ‘Grassroots Award’ – FC Goa
11. Japan has become the first two-time champions of the “AFC U-23 Asian Cup
2024” (6th edition) after beating Uzbekistan in a final at Jassim bin Hamad Stadium,
in Doha, Qatar. 16 teams from Asia participated in the tournament. The Men’s AFC
U 23 is organised every two years. The 2024 Men’s AFC U23 Asian cup was also a
qualification tournament for the 2024 Paris Summer Olympics. Uzbekistan received
‘Fair Play Award’, while Uzbekistan’s goalkeeper Abduvohid Nematov was named
‘Best Goalkeeper of the Tournament’. Ali Jasim of Iraq was named ‘Top Goalscorer
of the Tournament’. Japan team’s captain Fujita was named ‘Most Valuable Player
of the Tournament’. Japan is the most successful team of this tournament, having won it in 2016 and 2024. {Read more}
Smart Points:
• Japan – won the “AFC U-23 Asian Cup 2024” at Jassim bin Hamad Stadium, in Doha, Qatar (defeating - Uzbekistan)
• AFC U-23 Asian Cup Awards:
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- ‘Fair Play Award’ – Uzbekistan
- ‘Best Goalkeeper of the Tournament’ – Abduvohid Nematov (Uzbekistan)
- ‘Top Goalscorer of the Tournament’ – Ali Jasim (Iraq)
- ‘Most Valuable Player of the Tournament’ – Joel Fujita (Japan)
• Most successful team of this tournament – Japan (previously won in 2016)
• HQs of AFC – Kuala Lumpur, Malaysia | President – Salman bin Ibrahim Al Khalifa
12. Spanish football club, Real Madrid (aka Los Blancos), has won the “La Liga 2023-24” season
title by defeating another Spanish football club, Cadiz. It is Real Madrid’s 36th La Liga title.
Moreover, Girona FC defeated Barcelona FC for the second place. The La Liga, founded in
1929, is a professional men’s club-based football championship in Spain. At present, 20 teams
participate in La Liga. Real Madrid is the most successful team, having won it 36 times.
Barcelona is the second most successful team, having won it 27 times. {Read more}
Smart Points:
• Real Madrid FC (Spain) – won the “La Liga 2023-24” season title (defeating - Cadiz FC)
• 2nd place – Girona FC (defeating - Barcelona FC) | La Liga – was founded in 1929
• Most successful team of La Liga – Real Madrid FC
13. Sri Lanka Cricket (SLC) has announced Amul as their sponsor for the T20 World Cup
2024, which is all set to commence on June 2 in the USA and the West Indies. Sri Lanka
will become the third team after South Africa and USA to gain sponsorship by Amul,
one of India’s iconic dairy brands with a global footprint. Along with Amul, Karnataka
Milk Federation (KMF), known for its Nandini brand of dairy products will sponsor Ireland and Scotland teams in the T20
World Cup tournament. The T20 World Cup will be played across 3 venues in the USA - New York, Dallas, and Florida. {Read
more}
Smart Points:
• SLC – announced Amul as their sponsor for ‘T20 World Cup 2024’
• Sri Lanka – became 3rd team to gain sponsorship by Amul | 1st – South Africa | 2nd – USA
• Karnataka Milk Federation (Nandini brand of dairy products) – to sponsor Ireland & Scotland teams
• ‘T20 World Cup 2024’ will be played across 3 venues in the USA – New York, Dallas & Florida
• HQs of AMUL/GCMMF – Anand, Gujarat | MD – Jayen Mehta (interim) | Chairman – Shamalbhai B. Patel
14. Olympic and world champion Neeraj Chopra finished second with a throw of 88.36m
in Javelin throw event at the “Doha Diamond League 2024” in Doha, Qatar. The 26-year-
old Chopra trailed Czech Republic veteran Jakub Vadlejch who won the title with his third
round throw of 88.38m. Two-time world champion Anderson Peters of Grenada stood
third with 86.62m throw. Another Indian Kishore Jena, who made Diamond League debut,
stood 9th with the throw of 76.31m. Neeraj Chopra had won the 2023 Doha Diamond
League with a throw of 88.67m. {Read more}
Smart Points:
• Neeraj Chopra – finished 2nd in Javelin throw with a throw of 88.36m at the “Doha Diamond League 2024” in Doha, Qatar
- 1st – Jakub Vadlejch (Czech Republic) - 88.38m | 3rd – Anderson Peters (Grenada) – 86.62m
https:// /#
• Kishore Jena (India) – finished 9th with a throw of 76.31m
• Qatar – Doha – Riyal | PM – Sheikh Mohammed bin Abdulrahman Al Thani
15. Bajrang Punia has been suspended till the end of 2024 by United World Wrestling (UWW) after the
Tokyo Olympic bronze medallist was provisionally suspended by NADA for refusing to undergo a dope
test. The 30-year-old wrestler from Haryana was suspended by NADA on 23 April after being served a
whereabouts failure notice. {Read more}
Smart Points:
• Bajrang Punia – suspended till 2024-end by United World Wrestling (UWW)
• HQs of NADA – New Delhi | Director-General & CEO – Ritu Sain
• HQs of UWW – Corsier-sur-Vevey, Switzerland | President: Nenad Lalovic | Founded in – 1912
16. The Rajasthan Royals bowler, Yuzvendra Chahal, became the first Indian bowler to reach the
milestone of 350 wickets in T20 cricket history. He achieved the feat in his 301st appearance in the
T20 format. He scripted this record at the Arun Jaitley Stadium after dismissing Delhi Capitals captain
Rishabh Pant during their IPL 2024. The next best India on the list is veteran Mumbai Indians bowler
Piyush Chawla, with 310 wickets. Chahal is the 5th spin-bowler to reach the milestone and 6th Asian
bowler. Chahal is also the highest wicket-taking spin bowler from India in the ongoing IPL 2024 tournament with 14 wickets
in 12 appearances so far. {Read more}
Smart Points:
• Yuzvendra Chahal (RR) – became 1st Indian bowler to reach the milestone of 350 wickets in T20 cricket history
• He achieved the feat in his 301st appearance in the T20 format | 2nd – Piyush Chawla (MI, 310 wickets)
• Chahal – 5th spin-bowler to reach the milestone & 6th Asian bowler
• HQs of IPL – Mumbai, Maharashtra | Chairman – Arun Singh Dhumal | Founded by BCCI – in 2008
17. Reliance Foundation, principal partner of the Indian Olympic Association (IOA) and the non-
profit arm of Reliance Industries, will host the first-ever India House at ‘Paris Olympics 2024’
scheduled between July 26 to August 11, 2024. A dedicated section at India House will
commemorate India’s 100-year journey at the Olympics. Reliance Foundation chairperson Nita
Ambani, the first Indian woman to become an IOC member, was at the forefront of bringing the
International Olympic Committee’s (IOC) 141st session to India. India hosted the second IOC session in its history in October
2023, after a gap of 40 years. {Read more}
Smart Points:
• Reliance Foundation – will host first-ever India House at ‘Paris Olympics 2024’ scheduled between Jul 26-Aug 11, 2024
• Nita Ambani – first Indian woman to become an IOC member
• India – hosted 2nd IOC session in its history in Oct 2023 (after 40 years)
• HQs of Reliance Foundation – Mumbai | Chairperson – Nita Ambani
• HQs of IOC – Lausanne, Switzerland | President – Thomas Bach | Established in – 1894
https:// /#
18. Abha Khatua set a new national record to clinch the gold medal in the women’s shot-put event at the ‘National
Federation Senior Athletics Competition 2024’ at the Kalinga Stadium in Bhubaneswar, Odisha. She recorded her best throw
of 18.41m. The 28-year-old Abha Khatua previously shared the record with Manpreet Kaur. Despite her record-breaking
throw, Abha fell short of the Olympic qualifying standard of 18.80m. Animesh Kujur won the gold in men’s 200m with a
personal best of 20.62s. In the women’s 200m final, 18-year-old Unnathi Bolland defeated veteran Srabani Nanda to win
the gold medal with a time of 23.85s. Besides, Nithya Ramraj became the second-fastest women’s 100m hurdler of all time
after clocking 13.14s in the final. Only Jyothi Yarraji, who holds the national record of 12.78s, is ahead of Nithya. KM Chanda
retained her women’s 800m Federation Cup title after clocking 2:02.62 in the final. Other winners are mentioned below.
{Read more}
Smart Points:
• ‘National Federation Senior Athletics Competition 2024’ – held at Kalinga Stadium in Bhubaneswar, Odisha
• Abha Khatua – set new national record to clinch gold medal in women’s shot-put event, with a throw of 18.41m
• Winners in different categories:
19. Ace women’s table tennis player Manika Batra rose to a career-best singles ranking of 24 following
her success in the ‘Saudi Smash 2024’, becoming the first Indian woman paddler to break into the top-
25 in world rankings. The 28-year-old Khel Ratna awardee, who was in 39th spot before the tournament,
jumped 15 spots. It was also the first time an Indian women player advanced that far in the tournament.
Manika, the 2018 Commonwealth Games gold medallist in individual and team categories, had defeated
multiple-time world champion and Olympic gold medallist China’s Wang Manyu in Saudi Smash 2024. {Read more}
Smart Points:
• Manika Batra – became first Indian woman table tennis player to break into Top-25 in world rankings
• She achieved this feat at ‘Saudi Smash 2024’ by defeating China’s Wang Manyu
• She jumped 15 spots in this tournament from 39th to 24th
https:// /#
20. P. Shyaamnikhil, a 31-year-old from Tamil Nadu, has been declared India’s 85th Chess
Grandmaster (GM). He achieved the status of International Master (IM) in 2011. By 2012,
Shyaamnikhil had already gathered the necessary 2500 ELO rating points along with two GM
norms. However, he had to wait an additional 12 years to secure the crucial third GM norm
required to attain GM status. A male chess player needs to earn at least a FIDE 2500 Elo rating
in classical or standard chess, and three Grandmaster norms through international
competition, to be recognized as a GM. R Vaishali, sister of R Praggnanandhaa, was the 84th Indian GM. {Read more}
Smart Points:
• P. Shyaamnikhil (Tamil Nadu) – declared as India’s 85th Chess Grandmaster (He became International Master in 2011)
• Eligibility to be recognized as a GM (for a male):
- At least a FIDE 2500 Elo rating in classical or standard chess
- 3 Grandmaster norms through international competition
• 84th Indian GM – R Vaishali
21. Olympic gold medalist Neeraj Chopra has won a gold medal with an 82.27-meter throw at the
“Federation Cup 2024” championship at the Kalinga Stadium in Bhubaneswar, Odisha. DP Manu,
who was representing Karnataka in the championship, came close second with an 82.06-meter
effort, winning the silver medal, while Uttam Balasaheb Patil of Maharashtra clinched the bronze
medal with a throw of 78.39 meters. Adille Sumariwalla is the President of Athletics Federation of
India (AFI). {Read more}
Smart Points:
• “Federation Cup 2024” championship – at Kalinga Stadium in Bhubaneswar, Odisha
• Neeraj Chopra – won a gold medal with an 82.27-meter throw
• 2nd – DP Manu (Karnataka) with 82.06-meter | 3rd – Uttam Balasaheb Patil (Maharashtra) with 78.39 meters
• HQs of AFI – New Delhi | President – Adille J. Sumariwalla | Secretary General – Ravinder Chaudhry
22. Sunil Chhetri, the legendary player from Indian football who began playing for his country in
2005, has formally announced his retirement from international football. He will play his final game
for India on June 6, at Kolkata, during the FIFA World Cup qualifier for 2026, against Kuwait. Chhetri
is third among active players globally in terms of goals scored for his country, only behind Messi
and the Cristiano Ronaldo. After leaving Mohun Bagan to join JCT in 2002, Chhetri started his
professional career there and scored 21 goals in 48 appearances. In addition to the 2011, 2015,
2021, and 2023 SAFF Championship, Chhetri assisted India in winning the 2007, 2009, and 2012 Nehru Cups. His awards and
honors include Arjuna Award in 2011, Padma Shri Award in 2019, Khel Ratna Award in 2021, Hero of the Intercontinental
Cup in 2018, AIFF Player of the Year in 2007, 2011, 2013, 2014, 2017, & 2018-19; FPAI Indian Player of the Year in 2009,
2018, & 2019; SAFF Championship Player of the Tournament in 2011, 2015, & 2021; SAFF Championship Top Scorer title in
2011, 2021, & 2023. {Read more}
Smart Points:
• Sunil Chhetri – announced his retirement from international football
• His final game for India – ‘FIFA World Cup Qualifier for 2026’ at Kolkata (on June 6)
• In terms of goals scored for country: 1st – Messi (Argentina) | 2nd – Cristiano Ronaldo (Portugal) | 3rd – Sunit Chhetri
• His awards & honors include:
https:// /#
- Arjuna Award (2011) | Padma Shri Award (2019) | Khel Ratna Award (2021)
- Hero of the Intercontinental Cup – 2018
- AIFF Player of the Year – 2007, 2011, 2013, 2014, 2017, & 2018-19
- FPAI Indian Player of the Year – 2009, 2018, & 2019
- SAFF Championship Player of the Tournament – 2011, 2015, & 2021
- SAFF Championship Top Scorer title – 2011, 2021, & 2023
23. Japan defeated Pakistan in penalties at the “Sultan Azlan Shah Cup 2024” at
Azlan Shah Stadium in Ipoh, Malaysia. With this, Japanese men’s hockey team
clinched its first Sultan Azlan Shah Trophy. Six teams, Japan, Pakistan, Canada,
South Korea, New Zealand, and the host team, Malaysia, participated in the
2024 event. Malaysia was in third place. India has won the Sultan Azlan Shah
Trophy 5 times in 1985, 1991, 1995, 2009, 2010. After the final, Japan improved
its rank to 15th in the world, while Pakistan dropped one place to 16th. India is
ranked 6th globally and Netherlands is currently ranked No. 1 globally. Sultan
Azlan Shah Cup is an annual invitational international men’s field hockey tournament. {Read more}
Smart Points:
• Japan – won the “Sultan Azlan Shah Cup 2024” in Ipoh, Malaysia (defeating - Pakistan)
• India has won Sultan Azlan Shah Trophy 5 times in 1985, 1991, 1995, 2009, 2010 | It is an men’s field hockey tournament
• India is ranked 6th globally | 1st – Netherlands
• Malaysia – Kuala Lumpur – Ringgit | PM – Anwar Ibrahim | King – Sultan Ibrahim Iskandar
24. Indian team concluded their “2024 Elorda Cup” campaign with a best-ever tally of
a whopping 12 medals in Astana, Kazakhstan. Minakshi (48kg) and Nikhat Zareen (52kg)
clinched a gold each. While Anamika (50kg) and Manisha (60kg) clinched a silver medal
each. Remaining bronze medalists include - Yaiphaba Singh Soibam (48kg), Abhishek
Yadav (67kg), Vishal (86kg) and Gaurav Chauhan (92+kg); (women) Sonu (63kg), Manju
Bamboriya (66kg), Shalakha Singh Sansanwal (70kg) and Monika (81+kg). The Elorda
Cup is an international boxing tournament. {Read more}
Smart Points:
• Indian team – concluded with 12 medals (2G + 2S + 8B) at the “2024 Elorda Cup” in Astana, Kazakhstan
• Gold medalists: Minakshi (48kg) and Nikhat Zareen (52kg) | Silver medalists: Anamika (50kg) and Manisha (60kg)
• ‘Elorda Cup’ is an international boxing tournament
• Kazakhstan – Astana – Tenge | President – Kassym-Jomart Tokayev | PM – Olzhas Bektenov
25. The Indian mixed 4x400m team of Muhammed Ajmal, Jyothika Sri Dandi, Amoj Jacob and Subha
Venkatesan has set a new national record to win the gold medal at the 1 st edition of “Asian Relay
Championships 2024” in Bangkok, Thailand. They completed the relay in 3:14.12 in Bangkok to
marginally better the previous national mark of 3:14.34, set by Ajmal, Vithya Ramraj, Rajesh Ramesh
and Subha. {Read more}
Smart Points:
• 1st edition of “Asian Relay Championships 2024” – held in Bangkok, Thailand
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• Indian mixed 4x400m team – set a new national record to win gold medal by completing relay in 3:14.12
- Team includes – Muhammed Ajmal, Jyothika Sri Dandi, Amoj Jacob & Subha Venkatesan
• Previous national mark of 3:14.34 was set by – Ajmal, Vithya Ramraj, Rajesh Ramesh & Subha
26. Satwiksairaj Rankireddy and Chirag Shetty, the world No. 3 Indian badminton pair,
clinched the “Thailand Open 2024” badminton men’s doubles title with a win over
China’s Chen Bo Yang and Liu Yi in the final. This was the 2nd title of the 2024 badminton
season for Chirag and Satwik and the 2nd Thailand Open title. Overall, this was Satwik
and Chirag’s 8th title on the BWF World Tour. The Indian pair’s first Super 500 title on
the BWF World Tour came at the Thailand Open in 2019. With 9200 ranking points from
the tournament, the Indian badminton players are expected to regain the world No. 1 rank. {Read more}
Smart Points:
• Satwiksairaj Rankireddy + Chirag Shetty = clinched the “Thailand Open 2024” badminton men’s doubles title
• They defeated China’s Chen Bo Yang & Liu Yi in the final
27. India’s Deepthi Jeevanji smashed the world record in the Women’s 400m T20 category
race, registering a timing of 55.07 seconds that helped her win gold at the “World Para
Athletics Championships 2024” in Kobe, Japan. The record was previously held by USA’s
Breanna Clark. Turkey’s Aysel Onder and Ecuador’s Lizanshela Angulo clinched silver and
bronze medals. Deepthi had earlier set the Asian record time of 56.18 seconds. The T20
category is meant for athletes who have intellectual impairment. Moreover, India’s Ekta Bhyan secured a gold medal with a
season’s best throw of 20.12 metres in the women’s F51 club throw competition at the World Para Athletic Championships.
Also, Kashish Lakra clinched silver medal in the same event with an effort of 14.56 metres. The championships will continue
till 25 May. {Read more}
Smart Points:
• “World Para Athletics Championships 2024” – held in Kobe, Japan
• Deepthi Jeevanji (India) – smashed world record & clinched gold in ‘Women’s 400m T20’ race in 55.07 seconds
- Silver – Aysel Onder (Turkey) | Bronze – Lizanshela Angulo (Ecuador)
• Previous record in ‘Women’s 400m T20’ race – Breanna Clark (USA)
• Women’s F51 club throw competition:
- Gold – Ekta Bhyan (India) with a season’s best throw of 20.12m
- Silver – Kashish Lakra (India) with a throw of 14.56m
28. World Aquatics inaugurated the first-ever Aquatics competition high-altitude swimming
pool in Bhutan, as part of ‘Pools for All’ Programme. The new pool is situated at an impressive
altitude of 8200 feet (2400 meters), making it the highest swimming pool in the world. The
‘Pools for All’ Programme is a World Aquatics development initiative launched in 2019 with
the aim to ensure that all World Aquatics National Member Federations have access to the
best possible aquatics facilities to promote aquatic sports. World Aquatics oversees 6 aquatic
sports - swimming, water polo, diving, artistic swimming, open water swimming, & high diving. {Read more}
https:// /#
Smart Points:
• World Aquatics – inaugurated first-ever Aquatics competition high-altitude swimming pool in Bhutan
• It is situated at an altitude of 8200 feet (2400 meters), making it highest swimming pool in world
• ‘Pools for All’ Programme – a World Aquatics development initiative launched in 2019
• World Aquatics oversees 6 aquatic sports – swimming, water polo, diving, artistic swimming, open water swimming &
high diving
• HQs of World Aquatics – Lausanne, Switzerland | President – Husain Al-Musallam | Founded in – 1908
29. Brazil was declared host of the “2027 FIFA Women’s World Cup” after winning a vote at the annual FIFA Congress in
Bangkok, Thailand, beating the joint bid of Belgium, Netherlands and Germany. Brazil became the first South American
country to stage the tournament. {Read more}
Smart Points:
• Annual FIFA Congress – held in Bangkok, Thailand
• Brazil – declared host of the “2027 FIFA Women’s World Cup”
• Brazil is the first South American country to stage the tournament
• Brazil – Brasilia – Brazilian Real | President – Luiz Inacio Lula da Silva
30. Cristiano Ronaldo once again claimed the top spot on Forbes’ list of highest-paid
athletes, marking his 4th time achieving this feat. Following his move to Saudi-backed Al-
Nassr, Ronaldo’s estimated total earnings reached approximately $260 million, a record-
breaking figure for a soccer player. His on-field earnings accounted for $200 million, with
an additional $60 million derived from lucrative sponsorship deals. Spanish golfer Jon
Rahm moved up to second following his sensational switch to Saudi-backed LIV Golf.
Rahm has earned $218 million and joins Ronaldo as the only two athletes to earn over
$200 million. Third on the list is record 8-times Ballon d’Or winner Lionel Messi, who made
a lucrative switch to Major League Soccer side Inter Miami, helping the Argentine World
Cup winner earn $135 million. Los Angeles Lakers forward LeBron James is fourth at
$128.2 million. Fellow NBA star Giannis Antetokounmpo ($111 million) of the Milwaukee
Bucks rounds out the top five. {Read more}
Smart Points:
• Cristiano Ronaldo (Portuguese footballer) – topped the “Forbes’ 2024 Highest-Paid Athletes List” (with $260 million)
• 2nd – Jon Rahm (Spanish golfer) with $218 million | 3rd – Lionel Messi (Argentine footballer) with $135 million
• 4th – LeBron James (American basketball player) | 5th – Giannis Antetokounmpo (Greek-Nigerian basketball player)
31. Manipur defeated Haryana in the final of the 28th Senior Women’s National Football
Championship for ‘Rajmata Jijabai Trophy’, to clinch their 22nd title at the Kishore Bharati
Krirangan, in Kolkata. Among individual awards, Shreya Hooda (Haryana) received ‘Best
Goalkeeper of the Championship’ award. While, Ngangom Bala Devi & Yumnam Kamala
Devi of Manipur clinched ‘Top Goalscorer of the Championship’ award. And Ngangom Bala
Devi (Manipur) also received ‘Player of the Championship’ award. {Read more}
Smart Points:
• Manipur – won 28th Senior Women’s National Football Championship for ‘Rajmata Jijabai Trophy’ in Kolkata
https:// /#
• Manipur defeated Haryana to clinch their 22nd title of the championship
• ‘Best Goalkeeper’ – Shreya Hooda (Haryana) | ‘Top Goalscorer’ – Ngangom Bala Devi & Yumnam Kamala Devi (Manipur)
• ‘Player of the Championship’ – Ngangom Bala Devi (Manipur)
• Manipur: Capital – Imphal | CM – N. Biren Singh | Governor – Sushri Anusuiya Uikye
32. PUMA India has signed a deal with the Athletics Federation of India (AFI) to
become its official kit sponsor. This is the first time that Indian athletes will get
access to speed suits that PUMA supplies globally to other athletes. With the
partnership, several international stars such as Neeraj Chopra (javelin throw),
Kishore Kumar Jena (javelin throw), Parul Chaudhary (steeplechase), Subha
Venkatesan (4x 400 m relay), Murali Sreeshankar (long jump), etc. will benefit
from PUMA’s gear across sporting events. This partnership does not include
Olympics, Asian Games and Commonwealth Games. {Read more}
Smart Points:
• PUMA India + Athletics Federation of India = signed a deal to become its official kit sponsor
• Aim: To let Indian athletes to get access to speed suits that PUMA supplies globally to other athletes
• HQs of Puma – Herzogenaurach, Germany | CEO – Arne Freundt
• HQs of AFI – New Delhi | President – Adille J. Sumariwalla | Secretary General – Ravinder Chaudhry
33. Germany’s Alexander Zverev has won the Men’s singles title, against Chile’s Nicolas
Jarry at the “2024 Italian Open” or “ATP Rome Open” tennis tournament at Foro Italico
in Rome. This was also Zeverv’s second Italian Open title. The women’s singles title was
won by the World No. 1 player Iga Swiatek of Poland, by defeating Aryna Sabalenka of
Belarus. The Men’s Doubles title was won by the pair of Marcell Granollers (Spain) and
Horacio Zeballos (Argentina). While Italian pair of Sara Errani and Jasmine Paolini won the Women’s Doubles title. The 81 st
edition of Italian Open was the ATP Masters 1000 championship for the men’s and is a WTA 1000 event for the women’s
tennis title. Rafael Nadal of Spain has won the Italian open titles a record 10 times. {Read more}
Smart Points:
• “2024 Italian Open” or “ATP Rome Open” tennis tournament – held at Foro Italico in Rome, Italy (81st edition)
• Men’s singles title – won by Alexander Zverev (Germany) | Defeated – Nicolas Jarry (Chile)
• Women’s singles title – won by Iga Swiatek (Poland) | Defeated – Aryna Sabalenka (Belarus)
• Men’s Doubles title – won by Marcell Granollers (Spain) & Horacio Zeballos (Argentina)
• Women’s Doubles title – won by Sara Errani and Jasmine Paolini (Italy)
• Highest (10 times) Italian open titles won by – Rafael Nadal (Spain)
34. International Olympic Committee (IOC) has launched “Let’s Move India” campaign to inspire people
to celebrate athletes at the 2024 Paris Olympics. The unique aspect of the Let’s Move India edition will
be the active involvement of children and young adults as leaders in participation. The IOC has
partnered with Abhinav Bindra, India’s first individual Olympic Gold medalist, through his foundation,
Abhinav Bindra Foundation, IOC member Mrs. Nita Ambani’s Reliance Foundation as well as Viacom18,
with all content and Olympic coverage available on JioCinema. Together, they will extend invitations to schools across the
nation to join the movement as part of the ‘Olympic Values Education Program (OVEP)’. {Read more}
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Smart Points:
• IOC – launched “Let’s Move India” campaign to inspire people to celebrate athletes at the 2024 Paris Olympics
• For this campaign, IOC has partnered with Abhinav Bindra Foundation, Reliance Foundation, & Viacom18
• This campaign is part of the ‘Olympic Values Education Program (OVEP)’
• HQs of IOC – Lausanne, Switzerland | President – Thomas Bach | Established in – 1894
35. The Asian Football Confederation (AFC) announced that Australia and Uzbekistan have been
confirmed as the hosts of the 2026 and 2029 editions of the “AFC Women’s Asian Cup” respectively.
AFC Executive Committee ratified the AFC Women’s Football Committee’s recommendations at its
third meeting held in Bangkok, Thailand, on the eve of the 34th AFC Congress. {Read more}
Smart Points:
• Australia – confirmed as the host of “AFC Women’s Asian Cup 2026”
• Uzbekistan – confirmed as the host of “AFC Women’s Asian Cup 2029”
• HQs of AFC – Kuala Lumpur, Malaysia | President – Salman bin Ibrahim Al Khalifa
36. Dipa Karmakar scripted history for India by winning the gold in the women’s vault apparatus
at the Asian Gymnastics Championships Tashkent, Uzbekistan. This is the first time that an Indian
gymnast managed to win a gold medal in any event at the Asian Championships. The 30-year-old
Dipa registered an average score of 13.566 to finish ahead of North Korea’s Kim Son-hyang
(13.466) and Jo Kyong-byol (12.966). Dipa is also the first Indian female gymnast to compete at
the Olympics. She also won the women’s vault gold medal at the 2018 FIG World Cup in Mersin, Turkiye, becoming the first
Indian to ever win a gold medal at a global gymnastics event. {Read more}
Smart Points:
• Asian Gymnastics Championships – held in Tashkent, Uzbekistan
• Dipa Karmakar – scripted history for India by winning the gold in women’s vault apparatus (score - 13.566)
• 2nd – Kim Son-hyang (North Korea) | 3rd – Jo Kyong-byol (North Korea)
• Dipa is also the first Indian female gymnast to compete at the Olympics
• She also won women’s vault gold medal at 2018 FIG World Cup in Mersin, Turkiye, becoming first Indian to ever win a
gold medal at a global gymnastics event
37. Shreyas Iyer-led Kolkata Knight Riders (KKR) defeated Pat Cummins-led Sunrisers
Hyderabad (SRH) by 8 wickets in the final of the 17th edition of ‘Indian Premier League (IPL)
2024’ at M. A. Chidambaram Stadium (Chepauk Stadium) in Chennai, Tamil Nadu. KKR
produced a clinical effort with the ball to dismiss SRH for 113 runs, the lowest-ever total in
an IPL title clash. Mitchell Starc was declared ‘Player of the Match’. In 2024 edition,
Australian cricketer Mitchell Starc became the ‘Most Expensive Player’ in the history of IPL,
after getting acquired by KKR for a record-breaking sum of Rs 24.75 Crore. Harshal Patel of
Punjab Kings (PBKS) won the Purple Cap, taking 24 wickets. Nitish Kumar Reddy was named ‘Emerging Player of the Season’.
Sunil Narine was named both the ‘Most Valuable Player’ and ‘Ultimate Fantasy Player of the Season’. While, Royal
Challengers Bangalore’s (RCB) Virat Kohli claimed the Orange Cap with 741 runs. Virat Kohli is the only player in the history
of the IPL to have played for only one team since the inaugural edition. Mallika Sagar became the 1st women to host the IPL
2024 Auction in Dubai. IPL was founded in 2008 by Board of Control for Cricket in India (BCCI). {Read more}
https:// /#
Smart Points:
• Final of 17th edition of ‘IPL 2024’ – held at M. A. Chidambaram Stadium (Chepauk Stadium) in Chennai, Tamil Nadu
• KKR (Captain - Shreyas Iyer) – won IPL 2024 season by 8 wickets | Defeated – SRH (Captain - Pat Cummins)
- ‘Player of the Match’ – Mitchell Starc (KKR)
- ‘Purple Cap’ – Harshal Patel (PBKS)
- ‘Emerging Player of the Season’ – Nitish Kumar Reddy (SRH)
- ‘Most Valuable Player’ and ‘Ultimate Fantasy Player of the Season’ – Sunil Narine (KKR)
- ‘Orange Cap’ – Virat Kohli (RCB)
• ‘Most Expensive Player’ in the history of IPL – Mitchell Starc (Australia) for Rs 24.75 Cr
• Virat Kohli – the only player in the history of IPL to have played for only one team since the inaugural edition
• 1st women to host the IPL 2024 Auction in Dubai – Mallika Sagar
• HQs of IPL – Mumbai, Maharashtra | Chairman – Arun Singh Dhumal | Founded by BCCI – in 2008
38. Former Pakistani all-rounder & captain Shahid Afridi, who played a vital role in Pakistan’s T20 World
Cup triumph in 2009, has been appointed as brand ambassador for the upcoming 9th ‘ICC Men’s T20
World Cup’. Thus, Afridi joined an illustrious group of ambassadors, including India’s Yuvraj Singh, Chris
Gayle of the West Indies and sprint legend Usain Bolt. The tournament will be co-hosted by the West
Indies and the US from June 1-29, 2024. {Read more}
Smart Points:
• Shahid Afridi (Pakistan) – appointed as brand ambassador for upcoming 9th ‘ICC Men’s T20 World Cup’
• Other ambassadors for the same event – Yuvraj Singh (India), Chris Gayle (West Indies) & Usain Bolt (Jamaica)
• 9th ‘ICC Men’s T20 World Cup’ – to be co-hosted by West Indies & US (from June 1-29, 2024)
• HQs of ICC – Dubai, UAE | Chairman – Greg Barclay | CEO – Geoff Allardice | Members – 108 countries
39. The 18-year-old Indian prodigy, R. Praggnanandhaa, defeated 5-time World champion
Magnus Carlsen for the first time in a Classical event in the third round of “2024 Norway Chess”
tournament at Stavanger. With this win, Pragg now takes the sole lead with 5.5 points in the
event. In the fourth round, Praggnanandhaa will compete against Hikaru Nakamura. Fabiano
Caruana of the USA, who defeated World champion Ding Liren of China in the classical game, was
in second with five points. R. Vaishali maintained her sole lead in the women’ event, beating Ukraine’s Anna Muzychuk in
the Armageddon game. {Read more}
Smart Points:
• R. Praggnanandhaa – defeated Magnus Carlsen in the 3rd round of “2024 Norway Chess” tournament
- 2nd – Fabiano Caruana (USA) | Defeated – Ding Liren (China)
• Praggnanandhaa defeated Magnus Carlsen for the first time in a Classical event & now takes sole lead with 5.5 points
• He will compete against – Hikaru Nakamura in 4th round
• In Women’s event: R. Vaishali maintained her sole lead by defeating Anna Muzychuk (Ukraine)
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Persons in News
1. Kami Rita, a 54-year-old climber from Nepal, has broken his own world record by climbing
Mount Everest 29 times. Mount Everest is the world’s highest peak, with a height of 8,848.86
metres or 29,031.69 feet. Kami Rita, popularly known as the ‘Everest Man’, first conquered the
Everest peak in 1994 and has been climbing the mountain peak almost every year. In 2023, he
climbed the mountain peak twice. Mount Everest is known as ‘Chomolungma’ in Tibet and
‘Sagarmatha’ in Nepal. In May 1953, New Zealand’s Sir Edmund Hillary became the first person
in the world to climb Mount Everest, accompanied by Nepali-Indian Sherpa Tenzing Norgay. Bachendri Pal was the first
Indian woman to climb Mount Everest in 1984. {Read more}
Smart Points:
• Kami Rita (Nepal) – broke his own world record by climbing Mount Everest 29 times
• Mount Everest – world’s highest peak, with a height of 8,848.86 metres or 29,031.69 feet
• He first conquered the Everest peak in 1994 & has been climbing it almost every year (twice in 2023)
• First person to climb Mount Everest in May 1953 – Sir Edmund Hillary of New Zealand (with Tenzing Norgay)
• First Indian woman to climb Mount Everest – Bachendri Pal (in 1984)
2. Indian-origin entrepreneur and pilot Gopichand Thotakura soared into space

aboard Blue Origin’s ‘NS-25’ mission, becoming the first Indian to tour space. This
momentous event, part of Amazon founder Jeff Bezos’ ambitious space travel
program, marks a significant milestone for India and space tourism. The NS-25
mission, Blue Origin’s 7th human spaceflight and the 25th flight for the New Shepard
program, featured a diverse and accomplished crew. Alongside Thotakura were
Mason Angel, Sylvain Chiron, Kenneth L. Hess, Carol Schaller, and former Air Force Captain Ed Dwight. {Read more}
Smart Points:
• Gopichand Thotakura (Entrepreneur & pilot) – became first Indian to tour space aboard Blue Origin’s ‘NS-25’ mission
• Other Crew members: Mason Angel, Sylvain Chiron, Kenneth L. Hess, Carol Schaller, & Air Force Captain Ed Dwight
• NS-25 mission (Blue Origin) – 7th human spaceflight & 25th flight for the New Shepard program
• HQs of Blue Origin – Washington, US | CEO – Bob Smith (Dave Limp from December 4)
3. Naima Khatoon, professor/principal, Women College at AMU, has been appointed the Vice Chancellor
of the Aligarh Muslim University (AMU) in Uttar Pradesh. She becomes the first woman to hold the post
in over 100 years. President Droupadi Murmu, who was visitor to the university, appointed Prof Khatoon
for a period of 5 years or completion of 75 years whichever is earlier. Founded in 1875, Muhammadan
Anglo-Oriental College became AMU in 1920 following the ‘Aligarh Muslim University Act’. {Read more}
Smart Points:
• Naima Khatoon – first woman to be appointed as Vice Chancellor of Aligarh Muslim University (UP) for 5 years
• Founded in 1875, Muhammadan Anglo-Oriental College became AMU in 1920 following ‘Aligarh Muslim University Act’
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4. 16-year-old Kaamya Karthikeyan from Mumbai became India’s youngest and world’s second
youngest to scale Mount Everest from the Nepal side. Ms. Kaamya Karthikeyan is a student of Navy
Children School, Mumbai. She and her father, a naval officer, Commander S. Karthikeyan summited
Mt. Everest. She has now completed six milestones in her mission to summit the highest peak of all
seven continents. She aims to summit Mt. Vinson Massif in Antarctica in December 2024 to become
the world’s youngest girl to accomplish the Seven Summits Challenge. American mountaineer Jordan
Romero, at the age of 13, was the world’s youngest person to climb Mount Everest in May 2010. {Read more}
Smart Points:
• Kaamya Karthikeyan (16 yrs) – became India’s youngest & world’s 2nd youngest to scale Mount Everest from Nepal side
• She has now completed six milestones in her mission to summit the highest peak of all seven continents
• She aims to summit Mt. Vinson Massif in Antarctica in Dec 2024 to become world’s youngest girl to accomplish Seven
Summits Challenge
• Jordan Romero (13 yrs) – world’s youngest person to climb Mount Everest in May 2010
5. Muneeb Amin Bhat, a 22-year-old cybersecurity researcher from Kulgam district in South Kashmir,
has garnered the prestigious recognition by entering the NASA’s ‘Hall of Fame’ for his remarkable
contributions to spotting data breach vulnerabilities. Muneeb’s achievement underscores the global
significance of cybersecurity and the critical role individuals play in safeguarding sensitive information
in today’s digital landscape. Muneeb also made it to Apple’s ‘Hall of Fame’ in 2023. {Read more}
Smart Points:
• Muneeb Amin Bhat (J&K) – entered the NASA’s ‘Hall of Fame’ for his contributions to spotting data breach vulnerabilities
• Muneeb also made it to Apple’s ‘Hall of Fame’ in 2023
• HQs of NASA – Washington D.C., US | Administrator – Bill Nelson | Founded in – 1958
6. New Delhi-based Saurabh H Mehta has launched the world’s first 100% biodegradable pen in
India. On recognising the environmental implications of disposable plastic pens, he steered the
business towards sustainability, founding bioQ, a company focused on eco-friendly stationery
and also launched NOTE (No Offence to Earth) to eliminate plastic in pens. Over 50 billion
ballpoint pens are trashed yearly, with 95% made of plastic. While, the NOTE pen features a
recycled paper refill, non-toxic ink, and a removable metal tip, exploring materials like paper
tubes, bamboo, and metal for its exterior. {Read more}
Smart Points:
• Saurabh H Mehta (Delhi) – launched the world’s first 100% biodegradable pen in India
• He founded ‘bioQ’ & ‘NOTE’ (No Offence to Earth) to eliminate plastic in pens
• NOTE pen features a recycled paper refill, non-toxic ink, & a removable metal tip
• Over 50 billion ballpoint pens are trashed yearly, with 95% made of plastic
7. Indian mountaineer Satyadeep Gupta has scripted history by becoming the first person to scale the
8,849-metre-high Mt Everest and the 8,516-metre-high Mt Lhotse twice in one season. This feat marks
the first Double Dual Ascent of the world’s highest and the 4th highest peaks in one season. He also set
another record by being the first Indian to traverse from Mt Everest to Mt Lhotse in 11 hours and 15
minutes. He was accompanied by climbing guides Pastemba Sherpa and Nima Ungdi Sherpa. {Read
more}
https:// /#
Smart Points:
• Satyadeep Gupta – became first person to scale 8,849m high Mt Everest & 8,516m high Mt Lhotse twice in one season
• It marks first Double Dual Ascent of ‘world’s highest & 4th highest peaks’ in one season
• He also set another record by being the first Indian to traverse from Mt Everest to Mt Lhotse in 11 h & 15 min
8. Jyoti Ratre, a 55-year-old entrepreneur and fitness enthusiast from Madhya Pradesh, has become
the oldest Indian woman to conquer Mount Everest. Ratre’s accomplishment comes precisely six
years after Sangeeta Bahl, at 53, earned the title of ‘India’s oldest woman to climb Mount Everest’
on May 19, 2018. Jyoti Ratre has conquered the highest peaks on five continents including Island
Peak, Elbrus, Kilimanjaro, Mount Aconcagua, and Kosciuszko. Moreover, Purnima Shrestha, a
Nepalese mountaineer and photojournalist, on Saturday scripted history by becoming the first person to summit Mt Everest
3 times in a single climbing season. This was Purnima’s fourth ascent to Everest. She climbed Everest for the first time in
2018. {Read more}
Smart Points:
• Jyoti Ratre (MP) – became the oldest Indian woman to conquer Mount Everest
• In 2018, Sangeeta Bahlat earned the title of ‘India’s oldest woman to climb Mount Everest’ at the age of 53
• Purnima Shrestha (Nepal) – scripted history by becoming the 1st person to summit Mt Everest 3 times in a single season
https:// /#
Science & Technology
1. Dark Energy Spectroscopic Instrument (DESI) has announced that they have made the
most precise measurement of the expansion of the universe and its acceleration. The team
found that the universe is expanding at a rate of 68.5 (±0.6) kilometres per second per
megaparsec (a million parsec; 1 parsec equals 3.2616 light years). The expansion rate is
also called ‘Hubble constant’. The expansion slightly increased in strength around 5 billion
years ago, a little before the Earth formed at around 4.53 and 4.58 billion years ago.
Interpretation of observational data in the framework of this model has led to the conclusion that about 70% of the Universe
is in the form of a mysterious ‘dark energy’, which is causing its expansion rate to accelerate, according to the University of
Oxford. In 2011, the Nobel Prize for Physics was awarded to three scientists for their discovery of the accelerating expansion
of the Universe through observations of distant supernovae. DESI, a unique piece of equipment that, once fitted over a
telescope, can capture light from 5,000 galaxies at the same time. DESI is a collaboration of more than 900 researchers from
over 70 institutions around the world. From India, TIFR is the only participating institution. DESI is located at the National
Science Foundation’s Kitt Peak National Observatory, Arizona, US. {Read more}
Smart Points:
• Dark Energy Spectroscopic Instrument (DESI) – made the most precise measurement of expansion of universe
• Universe is expanding at a rate of 68.5 (±0.6) a million parsec (1 parsec = 3.262 light years)
• Expansion rate – also known as ‘Hubble constant’
• According to University of Oxford:
- 70% of the Universe is in the form of a mysterious ‘dark energy’, which is causing its expansion rate to accelerate
• 2011 Nobel Prize for Physics – awarded to 3 scientists for discovery of the accelerating expansion of Universe through
observations of distant supernovae
• DESI – a unique piece of equipment, once fitted over a telescope, can capture light from 5,000 galaxies at one time
• DESI – a collaboration of more than 900 researchers from over 70 institutions around the world (TIFR – the only
participating institution from India)
• DESI is located at – Kitt Peak National Observatory (of NSF), Arizona, US
2. The world’s most powerful MRI scanner, named “Iseult”, has delivered its first images
of human brains, reaching a new level of precision. This Magnetic Resonance Imaging
(MRI) machine is located in the Plateau de Saclay area south of Paris, France. Researchers
at France’s Atomic Energy Commission (CEA) first used the machine to scan a pumpkin
back in 2021. But health authorities allowed them to scan humans. The magnetic field
created by the scanner is a whopping 11.7 teslas, a unit of measurement named after
inventor Nikola Tesla. This power allows the machine to scan images with 10 times more precision than the MRIs commonly
used in hospitals. One of the main goals of such a powerful scanner is to refine our understanding of the anatomy of the
brain and which areas are activated when it carries out particular tasks. {Read more}
Smart Points:
• “Iseult”, world’s most powerful MRI scanner – delivered its first images of human brains
• The magnetic field created by the scanner is a whopping 11.7 teslas (10 times more precision)
• This MRI machine is located in Paris, France (first used to scan a pumpkin back in 2022)
• ‘Tesla’, a unit of measurement of magnetic field – named after inventor Nikola Tesla
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3. IIT Madras was granted 435 patents in the financial year 2023-2024 (FY24), more than double the 204 patents it received
in FY23. This achievement prompted the institute to claim the top spot for patents as FY24’s number is the highest for any
academic institution in India. Since its inception in 1959, the institute has filed more than 2,550 IP (including patent)
applications in India (1,800) and abroad (750). It has some 1,100 registered IP/granted patents (about 900 Indian and 200
international). The institute is aiming for 450-500 patents in the next one year. IIT Madras is on top in terms of the number
of patents filed and granted. {Read more}
Smart Points:
• IIT Madras – was granted 435 patents in FY24 (204 in FY23) | Rank – 1st in terms of number of patents filed & granted
- It filed over 2,550 IP applications (1,800 in India & 750 abroad)
- It has 1,100 registered patents (900 Indian & 200 abroad)
• Aim: To achieve 450-500 patents in FY25
• Director of IIT Madras – V. Kamakoti
4. NASA astronauts Sunita Williams and Butch Wilmore, two of NASA’s most seasoned astronauts, will
be the pilots of the Crew Flight Test mission of NASA aboard Boeing’s “Starliner” spacecraft. The two
veteran astronauts will travel to and from the International Space Station (ISS), marking a historic and
long-awaited victory for the Starliner programme. Notably, Sunita Williams is going to the ISS after 12
years. This successful mission would mark a major milestone. Boeing’s Starliner would join SpaceX’s Crew
Dragon in carrying astronauts to and from the ISS, ensuring a reliable flow of crew for the orbiting lab. {Read more}
Smart Points:
• Sunita Williams & Butch Wilmore – will pilot Boeing’s “Starliner” spacecraft for Crew Flight Test mission of NASA
• They will travel to & from International Space Station (ISS)
5. China announced to launch its lunar probe “Chang’e-6” to collect samples from the far side of the moon, which will make
this mission the first of its kind in human history. It will be launched aboard the Long March-5 Y8 carrier rocket from the
Wenchang Space Launch Site in south China’s Hainan Province. Scientific instruments from France, Italy and the European
Space Agency/Sweden will be onboard the lander of the Chang’e-6 mission and a Pakistani payload on the orbiter. India
became the first country to land near the little-explored lunar south pole region last year when its Chandrayaan-3’s lander,
carrying the Pragyaan rover successfully landed there. {Read more}
Smart Points:
• China – to launch its lunar probe “Chang’e-6” to collect samples from far side of the moon
• It will be launched aboard ‘Long March-5 Y8’ carrier rocket from Wenchang Space Launch Site in Hainan, China
• India – first country to land near lunar south pole region in 2023
- Chandrayaan-3’s lander successfully landed with Pragyaan rover
• China – Beijing – Renminbi | President – Xi Jinping | PM – Li Qiang
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6. Tata Power Community Development Trust (TPCDT) has partnered with Tata Elxsi to drive
their “Pay Autention” initiative forward. Leveraging Tata Elxsi’s innovative digital therapeutics
(DTx) solution, ‘TEcare’, TPCDT aims to accelerate the development of the India Neurodiversity
Platform. This phygital platform is the result of a collaborative effort between Tata Power
Community Development Trust (TPCDT) and the National Institute for the Empowerment of
Persons with Intellectual Disabilities (NIEPID) and is aimed at supporting individuals with neurodiversity issues, particularly
children with autism. TEcare, a phygital Neurodiversity Platform developed by Tata Elxsi, serves as a foundational platform
for hosting and integrating various disease-specific DTx modules. The ‘Pay Autention’ initiative brings together families,
technology, medical institutions, and expert networks, bridging the gap in awareness and accessibility. {Read more}
Smart Points:
• TPCDT + Tata Elxsi = to drive “Pay Autention” initiative forward, leveraging Tata Elxsi’s innovative DTx solution, ‘TEcare’
• Aim: To accelerate development of India Neurodiversity Platform
• TEcare, a phygital Neurodiversity Platform, developed by = TPCDT + NIEPID
- It unites families, technology, medical institutions & expert networks to bridge gaps in awareness & accessibility
• HQs of Tata Elxsi – Bengaluru, Karnataka | MD & CEO – Manoj Raghavan
7. IIT Guwahati has achieved a significant breakthrough in speech technology by developing a technology, named “LOQU”,
a novel method to generate human speech signals directly from vocal cord vibration signals. The breakthrough holds
immense promise for individuals facing speech impairments, offering a viable solution with clear and comparable speech
signals. The “LOQU” (derived from the Latin word for To speak or talk) can capture vocal fold movement without invasive
procedures, utilizing sensors placed over the throat. The prototype of LOQU, which has also been granted patent, is priced
at around Rs 2,000. {Read more}
Smart Points:
• IIT Guwahati – developed “LOQU”, a novel method to generate human speech signals directly from vocal cord
vibration signals
• It can capture vocal fold movement without invasive procedures, utilizing sensors placed over throat
• Director of IIT Guwahati – Rajeev Ahuja
8. Google’s DeepMind has introduced “TacticAI”, an AI system that

can provide experts with tactical insights, particularly on corner kicks
in football, through predictive and generative AI. A corner is awarded
when the ball passes over the goal line after touching a player of the
defending team. The average Champions League game sees about 10
corner kicks, and predicting their outcomes is complex. TacticAI has
achieved encouraging results by using ‘a geometric deep learning
approach’ that helps create more generalisable models. DeepMind developed and evaluated TacticAI in a multi-year
research collaboration with experts from Liverpool Football Club. {Read more}
Smart Points:
• DeepMind (Google) – introduced “TacticAI”, an AI system that can provide experts with tactical insights, particularly
on corner kicks in football, through predictive & generative AI
• It achieved results by using ‘a geometric deep learning approach’ that helps create more generalisable models
• ‘TacticAI’ is developed in collaboration with – Liverpool Football Club
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9. A team comprising scientists from Utrecht University in the Netherlands and
Sogang University in South Korea has developed artificial neurological junctions,
called “Synapses”, using a mix of water and salt. It is considered an important
achievement paving the way for the development of advanced computers that
mimic the performance of a human brain. Human brains use water and dissolved
salt particles called ions as their medium, while advanced computer systems rely on conventional solid materials for the
same function. Scientists have a device called an ‘Iontronic memristor’, which carries water and salt inside. This device also
remembers how much electrical charge has previously flowed through it. {Read more}
Smart Points:
• Utrecht Uni. (Netherlands) & Sogang Uni. (South Korea) = developed “Synapses”, an artificial neurological junctions
• They are developed using a mix of water & salt
• ‘Iontronic memristor’ – a device which carries water & salt inside and also remembers how much electrical charge has
previously flowed through it
• Netherlands – Amsterdam – Euro | PM – Mark Rutte
• South Korea – Seoul – Korean Republic won | President – Yoon Suk-yeol
10. The Council of Scientific and Industrial Research (CSIR) - Advanced Materials and Processes Research Institute (AMPRI),
in collaboration with the Knowledge and Awareness Mapping Platform (KAMP), conducted Scientific Excursion at Bhopal,
Madhya Pradesh. The Scientific Excursion was conducted by KAMP under the ‘CSIR Jigyasa’ and ‘Viksit Bharat Program’ with
250 students accompanied by their teachers. This excursion provided the students with a unique opportunity to delve into
the world of science, technology, and innovation. It aimed to instill a passion for scientific exploration and discovery within
the students. AMPRI, Bhopal, was instituted in May 1981 as “Regional Research Laboratory” (RRL). KAMP is an initiative and
knowledge alliance between the CSIR-National Institute of Science Communication and Policy Research (NIScPR) and Nysa
Communications Pvt Ltd (NCPL). {Read more}
Smart Points:
• CSIR-AMPRI + KAMP = conducted Scientific Excursion at Bhopal, under ‘CSIR Jigyasa’ & ‘Viksit Bharat Program’
• KAMP – Knowledge and Awareness Mapping Platform
• Aim: To instill a passion for scientific exploration & discovery within students
• KAMP is an alliance between = CSIR-NIScPR + NCPL
• HQs of CSIR-AMPRI – Bhopal, Madhya Pradesh | Director – Avanish Kumar Srivastava | Established in – 1981
11. IIT Patna has secured a patent on its indigenously developed lightweight, compact and easy-to-carry inverter, developed
under startup scheme of ‘Portable Power Technology’. It was developed by a group of 5 young scientists - Abhijit Kumar,
Saurabh Rai, Abhishek Ranjan, Radheshyam Kumar and Rahmat Ali. The patented technique would go a long way in making
the country self-reliant in the field of portable power module. This cost-effective product will promote clean and green
energy generation without any harmful emission causing health hazards. {Read more}
Smart Points:
• IIT Patna – secured patent on indigenously developed lightweight, compact & easy-to-carry inverter
• It was developed under a startup scheme of ‘Portable Power Technology’
• Developed by 5 young scientists – Abhijit Kumar, Saurabh Rai, Abhishek Ranjan, Radheshyam Kumar & Rahmat Ali
• Director of IIT Patna – T.N. Singh
https:// /#
12. Department of Science & Technology’s Technology Development Board (TDB) has announced financial support of Rs 14
crore to Hyderabad-based space startup Dhruva Space for its ‘Space Grade Solar Array Fabrication and Test Facility’ for
spacecraft applications. The objective of the project is to pioneer technological innovations in solar panel manufacturing to
meet the rigorous demands of on-orbit usage. Dhruva Space has aims to manufacture high-efficiency solar panels targeting
an efficiency of up to 30%. Sanjay Nekkanti is the CEO of Dhurva Space. {Read more}
Smart Points:
• TDB – announced financial support of Rs 14 Cr to Dhruva Space for its ‘Space Grade Solar Array Fabrication & Test
Facility’ for spacecraft applications
• Aim: To pioneer technological innovations in solar panel manufacturing to meet rigorous demands of on-orbit usage
• HQs of Dhruva Space – Hyderabad, Telangana | CEO – Sanjay Nekkanti
13. Indian National Space Promotion and Authorization Centre (IN-SPACe) has released the norms, guidelines and
procedures (NGP) for the implementation of “Indian Space Policy, 2023”, in respect of authorisation of space activities. The
NGP would complement government endeavour in providing a predictable regulatory regime, transparency and ease of
doing business in the Indian space sector. The document states that any entity carrying out space activities to or from Indian
territory or within the jurisdiction of India including the area to the limit of its exclusive economic zone needs authorization
from IN-SPACe. {Read more}
Smart Points:
• IN-SPACe – released norms, guidelines & procedures (NGP) for implementation of “Indian Space Policy, 2023”
• It states that any entity carrying out space activities to or from Indian territory or within jurisdiction of India needs
authorization from IN-SPACe
• HQs of IN-SPACe – Ahmedabad | Chairman – Dr. Pawan Goenka | Works under – Department of Space
14. German company HyImpulse has successfully launched a candle wax-powered rocket,
dubbed “SR75”, capable of carrying commercial satellites on a test suborbital flight into space
for the first time. The 12-metre, 2.5-tonne test lifted off from Koonibba, Australia. It is capable
of carrying satellites weighing up to 250kg to an altitude of up to 250km while being fuelled by
paraffin, or candle wax, and liquid oxygen. {Read more}
Smart Points:
• HyImpulse (Germany) – launched a candle wax-powered rocket, “SR75” | Lifted off from – Koonibba, Australia
• It is capable of carrying commercial satellites (up to 250kg) on a test suborbital flight into space for first time
• It is capable of carrying satellites to an altitude of up to 250km & is fuelled by paraffin (candle wax) & liquid oxygen
• HQs of HyImpulse – Neuenstadt am Kocher | CEO – Dr. Mario Kobald | Established in – 2018
15. Mindgrove Technologies, which is backed by Peak XV Partners and incubated by IIT Madras
Pravartak Technologies Foundation and IIT Madras Incubation Cell, launched India’s first
commercial high-performance SoC (system on chip) named “Secure IoT”. It is India’s first
indigenously-built microcontroller semiconductor that can offer a cheaper option to consumer
electronics goods makers and digital infrastructure in India, providing a boost to New Delhi’s
Make-in-India push in the electronics sector. The RISC-V-based chip will let domestic original
equipment manufacturers to use an Indian SoC in their devices, which will cut overall costs. The startup is headquartered at
the IIT Madras Research Park in Chennai. {Read more}
https:// /#
Smart Points:
• Mindgrove Technologies – launched India’s 1st commercial high-performance SoC (system on chip), “Secure IoT”
• Mindgrove Technologies is backed by Peak XV Partners & incubated at IIT Madras
• It is India’s first indigenously-built microcontroller semiconductor that can offer a cheaper option to consumers
• HQs of Mindgrove Technologies – Chennai, Tamil Nadu | CEO & Co-founder – Shashwath T. R.
16. Pakistan, in collaboration with China, launched its first-ever lunar mission, “iCube-
Qamar”, from the Chinese city of Hainan. The satellite will orbit the moon as part of Beijing’s
‘Chang’e-6’ space mission. The satellite was launched aboard a Chinese Long March5 Y8
rocket. Pakistan’s Institute of Space Technology (IST), in collaboration with China’s Shanghai
University and Pakistan national space agency SUPARCO, jointly developed the iCUBE-Q or
CubeSat. CubeSats are miniature satellites typically characterised by their small size and
standardised design. iCUBE-Q will also collect data on the lunar magnetic field, establish a
lunar magnetic field model, and lay the groundwork for future missions and international lunar cooperation. {Read more}
Smart Points:
• Pakistan + China = launched its first-ever lunar mission, “iCube-Qamar”, from Hainan (as part of ‘Chang’e-6’)
• It was launched aboard a Chinese rocket ‘Long March5 Y8’
• Institute of Space Technology (Pakistan) + Shanghai University (China) + SUPARCO (Pakistan) = jointly developed
iCUBE-Q or CubeSat
• Pakistan – Islamabad – Pakistani Rupee | PM – Shehbaz Sharif | President – Asif Ali Zardari
• China – Beijing – Renminbi | President – Xi Jinping | PM – Li Qiang
17. The Indian Space Research Organisation (ISRO) has successfully completed the first
ignition test on the Semi Cryogenic Pre-Burner Ignition Test Article. The propulsion
modules were assembled and tested at the ISRO propulsion complex (IPRC),
Mahendragiri, Tamil Nadu. ISRO is developing a 2,000 kN thrust semi-cryogenic engine
working on a LOX Kerosene propellant combination to enhance the payload capability
of LVM3 and for future launch vehicles. The Liquid Propulsion Systems Centre is the
lead centre for the development of semi-cryogenic propulsion systems. {Read more}
Smart Points:
• ISRO – successfully completed the first ignition test on the Semi Cryogenic Pre-Burner Ignition Test Article
• It was tested at – IPRC, Mahendragiri, Tamil Nadu | engine capacity – 2,000 kN
• Liquid Propulsion Systems Centre – Lead centre for the development of semi-cryogenic propulsion systems
18. Defence Research and Development Organisation (DRDO) has collaborated with IIT Bhubaneswar
for artificial intelligence (AI) driven surveillance and other projects. IIT Bhubaneswar will work on the
sanctioned projects, which would be beneficial in electronics warfare, AI-driven surveillance, power
systems, radar systems etc. This form of collaboration will enhance the sustainability of defence research
programmes and will be part of the eco-system for nation building. {Read more}
https:// /#
Smart Points:
• DRDO + IIT Bhubaneswar = collaborated for AI driven surveillance & other projects
• This will enhance sustainability of defence research programmes & will be part of eco-system for nation building
• Director of IIT Bhubaneswar – Prof. Shreepad Karmalkar
19. Google Deepmind and Isomorphic Labs, a sister company, have unveiled the 3rd
major version of AlphaFold3, called “AlphaFold3” artificial intelligence model, designed
to help scientists design drugs and target disease more effectively. It helps scientists
understand the behaviour of the microscopic mechanisms that drive the cells in the
human body. An early version of AlphaFold, released in 2020, solved a puzzle that had
bedeviled scientists for more than 50 years. It was called ‘the protein folding problem’.
The new version extends the technology beyond protein folding. {Read more}
Smart Points:
• Google Deepmind + Isomorphic Labs = unveiled 3rd major version of AlphaFold3, “AlphaFold3” AI model
• It is designed to help scientists design drugs & target disease more effectively
• HQs of Isomorphic Labs – London, UK | CEO – Demis Hassabis | Founded in – 2021 | Parent organisation – Alphabet
20. Tata Consultancy Services (TCS) announced the creation of a “Global Artificial Intelligence (AI) Centre of Excellence” in
Paris, during the ‘Choose France Summit’, hosted by President Emmanuel Macron. The new AI centre will be based in the
upcoming TCS PacePort in the La Défense area of Paris, which will be inaugurated in June 2024, becoming the 7th such facility
in TCS’ global Pace network, following Amsterdam, London, New York, Pittsburgh, Toronto, and Tokyo. The TCS AI Centre of
Excellence in Paris will leverage TCS’ global ecosystem of startups, academia, and research organisations to bring the best
of global capabilities to French companies. The centre will, initially, focus on areas such as brain-computer interface, building
empathy in machines, and unleashing the power of AI in arts and culture. {Read more}
Smart Points:
• TCS – announced creation of a “Global AI Centre of Excellence” in Paris, during ‘Choose France Summit’
• It will be 7th such facility in TCS’ global Pace network, after Amsterdam, London, New York, Pittsburgh, Toronto, & Tokyo
• HQs of TCS – Mumbai, Maharashtra | CEO – K. Krithivasan | Founded in – 1968
• France – Paris – Euro | President – Emmanuel Macron | PM – Gabriel Attal
21. Crown Prince of Dubai, Hamdan bin Mohammed bin Rashid Al Maktoum, has launched a
“Gaming Visa” to attract 30,000 game developers by 2033, making Dubai a global gaming hub.
The ‘Dubai Gaming Visa’ is part of the multi-year cultural visa categories granted by Dubai
Culture and the General Directorate of Residency and Foreigners Affairs. The gaming visa will
made available for game developers, designers, programmers and content creators. Applicant
must be at least 25 years old. {Read more}
Smart Points:
• Hamdan bin Mohammed bin Rashid Al Maktoum – launched a “Gaming Visa” to attract 30,000 game developers by 2033
• Applicant must be at least 25 years old
https:// /#
22. The Indian Space Research Organisation (ISRO) has successfully
conducted a hot test of a liquid rocket engine manufactured using Additive
Manufacturing (AM) technology, or 3D printing. The manufacturing of the
additively manufactured engine was carried out by Wipro 3D. The
successful 665-second hot testing was conducted at ISRO’s Propulsion
Complex in Mahendragiri, Tamil Nadu. This engine is intended for use in
the ‘PS4’, the upper stage of ISRO’s Polar Satellite Launch Vehicle (PSLV).
ISRO redesigned the conventionally manufactured PS4 engine to make it compatible with additive manufacturing
techniques, a process known as Design for Additive Manufacturing (DfAM). {Read more}
Smart Points:
• ISRO – successfully conducted a 665-second hot test of a liquid rocket engine manufactured using 3D printing
• Testing conducted at – ISRO’s Propulsion Complex in Mahendragiri, Tamil Nadu | Engine manufactured by – Wipro 3D
• This engine is intended for use in ‘PS4’, the upper stage of ISRO’s Polar Satellite Launch Vehicle (PSLV)
• ISRO redesigned PS4 engine to make it compatible with additive manufacturing techniques, known as Design for Additive
Manufacturing (DfAM)
23. GalaxEye, a space-tech startup, has signed an MoU with the Indian National Space
Promotion and Authorisation Centre (IN-SPACe) to get access to the ISRO’s top-of-the-
range laboratories and testing facilities. GalaxEye has become the first beneficiary of IN-
SPACe’s top-notch coworking as well as testing space through the partnership. In 2023,
GalaxEye built India’s first indigenous drone equipped with Synthetic Aperture Radar (SAR) and is now working on building
India’s first private constellation of Earth Observation satellites. The firm was looking at launching its first satellite to be
called ‘Drishti Mission’ within a year, which will be India’s first and the world’s highest-resolution multi-sensor imaging
satellite. Suyash Singh is the CEO & Co-founder of GalaxEye. {Read more}
Smart Points:
• GalaxEye + IN-SPACe = an MoU to get access to ISRO’s top-of-the-range laboratories & testing facilities
• GalaxEye – became first beneficiary of IN-SPACe’s top-notch coworking as well as testing space through partnership
• GalaxEye – built India’s first indigenous drone equipped with Synthetic Aperture Radar in 2023
• ‘Drishti Mission’ – India’s 1st & world’s highest-resolution multi-sensor imaging satellite, to be launched by GalaxEye
• HQs of GalaxEye – Bengaluru, Karnataka | CEO & Co-founder – Suyash Singh | Founded in – 2020
24. National Aeronautics and Space Administration (NASA) has unveiled its plan
to construct the first Lunar Railway System, known as “FLOAT (Flexible Levitation
on a Track)”, designed to offer reliable, autonomous, and efficient payload
transport on the Moon. This durable, long-lasting robotic transport system will
be essential for the daily operations of a sustainable lunar base envisioned for
the 2030s, as part of NASA’s ‘Moon to Mars’ initiative and mission concepts like
the Robotic Lunar Surface Operations 2 (RLSO2). The FLOAT system utilizes
unpowered magnetic robots that levitate over a 3-layer flexible film track. {Read more}
Smart Points:
• NASA – unveiled its plan to construct the first Lunar Railway System, known as “FLOAT (Flexible Levitation on a Track)”
https:// /#
• It is designed to offer reliable, autonomous, and efficient payload transport on the Moon
• As part of NASA’s ‘Moon to Mars’ initiative and mission concepts like the Robotic Lunar Surface Operations 2 (RLSO2)
25. A Bengaluru-based company, All Terrain Private Limited (A-THON), has developed
“ASHVA”, all-terrain vehicles (ATVs) with military applications for the Indian military. This
indigenous effort could significantly reduce reliance on imported ATVs. “ASHVA” is a 2-seater
variant and the “ARAV” is a 4-seater variant. The company is also developing the “ADBHUT,”
a unique 6×2 ATV specifically designed for superior cargo-carrying capabilities. {Read more}
Smart Points:
• A-THON (Bengaluru) – developed “ASHVA”, all-terrain vehicles (ATVs) with military applications for Indian military
• Aim: To significantly reduce reliance on imported ATVs
• ‘ASHVA’ - a 2-seater variant | ‘ARAV’ - a 4-seater variant | ‘ADBHUT’ - a unique 6×2 ATV specifically designed variant
26. Kanpur-based Defence Materials and Stores Research and Development

Establishment (DMSRDE), a DRDO lab, has developed liquid Ramjet fuel for
an advanced air-breathing engine. The fuel was tested successfully at the
Ramjet Testbed at the Defence Research and Development Laboratory
(DRDL). BPCL and Mineral Oil Corporation are industry partners in this development. {Read more}
Smart Points:
• DMSRDE, DRDO (Kanpur, UP) – developed liquid Ramjet fuel for an advanced air-breathing engine
• The fuel was tested successfully at Ramjet Testbed at DRDL
• Industry partners – BPCL & Mineral Oil Corporation
27. OpenAI has released a new AI model called “GPT-4o” which is capable of realistic voice
conversation and will be able to interact across text and image. The company introduced ChatGPT
in 2022. The secret behind the success of ChatGPT is a technique called ‘Reinforcement Learning
from Human Feedback (RLHF)’. Developers of ChatGPT trained the model to generate responses
preferred by human users which helped in the refinement of the technology. {Read more}
Smart Points:
• OpenAI – released a new AI model called “GPT-4o”
• It is capable of realistic voice conversation and will be able to interact across text and image
• The secret behind the success of ChatGPT is a technique called ‘Reinforcement Learning from Human Feedback (RLHF)’
• HQs of OpenAI – California, US | CEO – Sam Altman | President – Greg Brockman
28. The Indian Institute of Information Technology, Lucknow (IIIT Lucknow), in collaboration with the Climate Resilience
Observatory of the Government of Uttar Pradesh, has launched India’s first course in Climate Analytics to fortify disaster
resilience. This course offers M.Sc. in Data Science with specialization in Climate Data Analytics. By intertwining technology,
data analytics, and environmental consciousness, the course promises to empower students to become agents of change in
the global fight against climate change. {Read more}
https:// /#
Smart Points:
• IIIT Lucknow + Climate Resilience Observatory (Govt of UP) = launched India’s first course in Climate Analytics to fortify
disaster resilience
• It offers M.Sc. in Data Science with specialization in Climate Data Analytics
• Aim: To empower students to become agents of change in global fight against climate change
• UP: Capital – Lucknow | CM – Yogi Adityanath | Governor – Anandiben Patel
29. Indian Cyber Crime Coordination Centre (I4C), in collaboration with Microsoft, has blocked more than 1,000 Skype IDs
involved in blackmail, extortion, and digital arrests by cybercriminals posing as police and law enforcement authorities. It
was an organised online economic crime and was learnt to be operated by cross-border crime syndicates. The I4C is also
facilitating blocking of SIM cards, mobile devices, and mule accounts used by such fraudsters. I4C has been established under
Ministry of Home affairs (MHA) to act as a nodal point at National level in the fight against cybercrime. {Read more}
Smart Points:
• I4C + Microsoft = blocked more than 1,000 Skype IDs involved in blackmail, extortion & digital arrests by cybercriminals
• I4C – also facilitating blocking of SIM cards, mobile devices & mule accounts used by such fraudsters
• I4C – established under MHA to act as a nodal point at National level in fight against cybercrime
• HQs of I4C – New Delhi | CEO – Rajesh Kumar | Founded in – 2018
30. Google has introduced a new multimodal AI agent, called “Project Astra”, which is capable of
answering user’s queries in real time via text, audio or video inputs. In a demo video shared by
Google, the new AI assistant can be seen conversing with the user and answering questions in real-
time. Project Astra is able to process information faster by encoding video frames, combing video
and speech input into a timeline of events and caching all this information for recall. {Read more}
Smart Points:
• Google – introduced a multimodal AI agent, “Project Astra”, capable of answering user’s queries in real time via text,
audio or video inputs
• It is able to process information faster by encoding video frames, combing video & speech input into a timeline of events
31. Indian AI research firm, Soket AI Labs, in collaboration with Google Cloud services, has launched an
open-source multilingual foundation model, “Pragna-1B”. The model will provide AI services in Indian
vernacular languages including Hindi, English, Bengali, and Gujarati. Pragna-1B showcases unparalleled
efficiency and innovation, achieving comparable performance and effectiveness in language processing
tasks to similar category models. This integration will provide developers with a powerful, streamlined experience for fine-
tuning models. Additionally, this collaboration will enable technical collaboration on foundational work for training large-
scale models and curating high-quality datasets for Indian languages. Abhishek Upperwal is Founder of Soket AI Labs. {Read
more}
Smart Points:
• Soket AI Labs + Google Cloud services = launched an open-source multilingual foundation model, “Pragna-1B”
• It will provide AI services in Indian vernacular languages including Hindi, English, Bengali & Gujarati
• It will enable technical collaboration on foundational work for training large-scale models & curating high-quality
datasets for Indian languages
https:// /#
• CEO of Google Cloud – Thomas Kurian | MD at Google Cloud India – Bikram Singh Bedi
• HQs of Soket AI Labs – Gurugram, Haryana | Founder – Abhishek Upperwal | Founded in – 2019
32. The World Health Organisation (WHO) has prequalified “TAK-003”, a second vaccine for
dengue, made by the Japanese drug maker Takeda Pharmaceuticals. It is a live-attenuated vaccine
containing weakened versions of the four serotypes of the virus that cause dengue. TAK-003 can
be administered to children aged 6 to 16 years, with a high dengue burden and transmission
intensity. The UK, Brazil, Argentina, Indonesia and Thailand have also approved TAK-OO3. The first
dengue vaccine, Dengvaxia (CYD-TDV), was licensed in Mexico in December 2015. {Read more}
Smart Points:
• WHO – prequalified “TAK-003”, second vaccine for dengue (developed by - Japan’s Takeda Pharmaceuticals)
• It is a live-attenuated vaccine containing weakened versions of 4 serotypes of dengue causing virus
• TAK-003 – can be administered to children aged 6-16 yrs | Also approved by - UK, Brazil, Argentina, Indonesia & Thailand
• ‘Dengvaxia’ (CYD-TDV) – 1st dengue vaccine, licensed in Mexico (in Dec 2015)
33. Indian Army has introduced its latest innovation, “Sirin Hexadrone”, a hexacopter
drone armed with a machine gun. It is developed by Ikran Aerospace and Technologies
Pvt Ltd, a startup led by seasoned veteran Capt. Vidul Kelshikar (Retired). This
hexacopter drone represents the pinnacle of indigenous UAV (Unmanned Aerial
Vehicle) technology. This cutting-edge technology, developed under the ‘Make in
India’ initiative, heralds a new era in tactical operations and promises to revolutionize
soldier safety and bolster the nation’s security apparatus. {Read more}
Smart Points:
• Indian Army – introduced its latest innovation, “Sirin Hexadrone”, a hexacopter drone armed with a machine gun
• Developed by – Ikran Aerospace & Technologies Pvt Ltd (a startup by veteran Capt. Vidul Kelshikar)
34. Indian Institute of Petroleum & Energy (IIPE), Visakhapatnam, in association with other research institutions, have found
an effective eco-friendly solution ‘Surface Modification Technique of Membrane’ to resolve the problems associated with
water treatment at various levels, particularly for muddy river water. The new technique is beneficial for water treatment
in industries such as pharmaceuticals, food processing, textiles and biotechnology among others. Researchers of Assam
Science and Technology University in Guwahati, Gauhati University, Pragjyotish College, and Institute of Advanced Study in
Science and Technology have joined the IIPE team in the research. The findings have been published in the “Nature Scientific
Reports” journal titled “Role of Plasma Process Gas on Permeate Flux Augmentation of Cellulose Nitrate Membrane for Mud
Water Treatment.” The IIPE has funded the research through an Institute Research Grant. Shalivahan Srivastava is the
Director of IIPE. {Read more}
Smart Points:
• IIPE Visakhapatnam – founded an effective eco-friendly solution, ‘Surface Modification Technique of Membrane’
• Other research institutions associated with IIPE Visakhapatnam:
- Assam Science & Technology University in Guwahati, Gauhati University, Pragjyotish College & Institute of Advanced
Study in Science & Technology
https:// /#
• Aim: To resolve problems associated with water treatment at various levels, particularly for muddy river water
• Findings were published in – “Nature Scientific Reports” journal
• Director of IIPE Visakhapatnam – Shalivahan Srivastava
35. The researchers at the International Institute of Information Technology Bangalore (IIIT
Bangalore) have developed “XoRehab” an Internet of Things (IoT) enabled wheelchair device to
help in the rehabilitation of stroke patients post-surgery. The device was developed in Center for
Internet of Ethical Things (CIET) at IIITB. The CIET is established in collaboration with the World
Economic Forum (WEF) with support from Karnataka Innovation & Technology Society (KITS) and
sponsored by IT-BT Department of Government of Karnataka. The XoRehab is an exoskeleton for
rehabilitation with nine Degree of Freedom (DoF), which essentially means the allowed joint
movement in upper and lower limb. The device is also enabled with Surface Electromyography
(EMG) which fetches the muscle behaviour of the patient and helps in the analysis of muscle recovery. {Read more}
Smart Points:
• IIIT Bangalore – developed an IoT enabled wheelchair device, “XoRehab”, to help in rehabilitation of stroke patients
post-surgery
• Developed in – Center for Internet of Ethical Things (CIET) at IIITB
• WEF + KITS = established CIET | Sponsored by – IT-BT Dept of Govt of Karnataka
• XoRehab – an exoskeleton for rehabilitation with 9 Degree of Freedom (DoF)
• It is enabled with ‘Surface Electromyography’ to fetch muscle behaviour of patient & helps in analysis of muscle recovery
• Director of IIIT Bangalore – Debabrata Das
36. Google introduced “PaliGemma”, company’s first vision-language model in the Gemma
family of open-source models. Vision language models are a type of AI model that is designed
to understand and generate both visual and linguistic content, by combining computer vision
and natural language processing capabilities. PaliGemma is inspired by the tech giant’s PaLI-
3 vision language model and is well-suited for tasks such as image captioning, visual question-
answering, understanding text in images, object detection, and object segmentation among
others. PaliGemma is available to Google Cloud customers in the Vertex AI Model Garden. Apart from this, Google has
unveiled a video generation AI model Veo and a new version of its text-to-image model, “Imagen 3”. Moreover, Google
parent, Alphabet, has unveiled a product called “Trillium” in its artificial intelligence data center chip family. The sixth-
generation Trillium chip will achieve 4.7 times better computing performance compared with the TPU v5e. {Read more}
Smart Points:
• Google – introduced “PaliGemma”, company’s first vision-language model in the Gemma family of open-source models
• Vision language models: a type of AI model, designed to understand & generate both visual & linguistic content
• Google – unveiled a video generation AI model Veo and a new version of its text-to-image model, “Imagen 3”
• Alphabet (Google parent) – unveiled a product called “Trillium” in its AI data center chip family (6th Gen)
https:// /#
37. The National Aeronautics and Space Administration (NASA) has appointed David Salvagnini as the
agency’s first Chief Artificial Intelligence (AI) Officer, in an extension of his current role as the Chief Data
Officer. Salvagnini will lead NASA’s efforts to guide the agency’s responsible use of AI in the cosmos and on
Earth to benefit all humanity. Salvagnini joined NASA in June 2023. {Read more}
Smart Points:
• David Salvagnini – appointed as the first Chief Artificial Intelligence (AI) Officer of NASA
• HQs of NASA – Washington D.C. US | Administrator – Bill Nelson | Founded in – 1958
38. Indian Space Research Organisation (ISRO) has announced ambitious plans for its upcoming
“Mangalyaan-2” mission, aiming to propel India into the elite league of nations with successful
spacecraft landings on Mars. The Mars mission will be launched aboard the heavy-lift Launch
Vehicle Mark-III (LVM3). With this feat, India will become the 3rd nation to land on Mars, after
the US & China. India was the first Asian nation to reach the Martian orbit. {Read more}
Smart Points:
• ISRO – announced plans for its upcoming “Mangalyaan-2” mission to be launched aboard heavy-lift ‘LVM3’
• Aim: To propel India into the elite league of nations with successful spacecraft landings on Mars
• With this, India will become first Asian nation & 3rd nation (globally) to land on Mars | 1st – US | 2nd – China
39. The National Aeronautics and Space Administration (NASA) is set to launch its latest mission,
known as the “Polar Radiant Energy in the Far-Infrared Experiment (PREFIRE)”. The NASA will launch
twin shoebox-size climate satellites which will study two of the most remote regions on Earth - the
Arctic and Antarctic. PREFIRE consists of two cubesats - ‘Ready, Aim, PREFIRE’ & ‘PREFIRE and ICE’.
The CubeSats will investigate the amount of heat radiated from Earth’s polar regions into space and
how this affects our climate. {Read more}
Smart Points:
• NASA – to launch its latest mission, known as “Polar Radiant Energy in the Far-Infrared Experiment (PREFIRE)”
• NASA – will launch twin shoebox-size climate satellites to study most remote regions on Earth - Arctic & Antarctic
• PREFIRE consists of two cubesats – ‘Ready, Aim, PREFIRE’ & ‘PREFIRE and ICE’
• CubeSats will investigate amount of heat radiated from Earth’s polar regions into space & how this affects our climate
40. Astronomers have discovered an Earth-size planet orbiting an ultracool red dwarf star
similar in size to Jupiter. This new extrasolar planet, or exoplanet, is named “SPECULOOS-3”
and represents just the second time astronomers have discovered a planetary system around
a red dwarf star, the first being the Trappist-1 system. The red dwarf, located some 55 light-
years away, is 100 times less bright than the sun and exhibits half the temperature of our
star. The Earth-size world was discovered by the ‘Search for habitable Planets Eclipsing Ultra-
cool Stars (SPECULOOS)’ project located at the Paranal Observatory in the Atacama Desert of northern Chile. The aim of the
mission is to use infrared observations to detect rocky exoplanets around nearby ultracool stars like red dwarfs and so-called
‘failed stars’, or ‘brown dwarfs’. {Read more}
https:// /#
Smart Points:
• Astronomers discovered “SPECULOOS-3”, an Earth-size planet orbiting an ultracool red dwarf star
• This is 2nd time astronomers have discovered a planetary system around a red dwarf star (1st being the Trappist-1 system)
• The red dwarf, located some 55 light-years away, is 100 times less bright than the sun
• SPECULOOS – Search for habitable Planets Eclipsing Ultra-cool Stars
• ‘SPECULOOS’ project is located at – Paranal Observatory, in Atacama Desert, Chile
41. Cisco and Tata Communications have launched their “Webex Calling” solution in India with cloud Public Switched
Telephone Network (PSTN), aimed at helping enterprises move from on-premises phone systems to a global cloud calling
system. The calls will be routed via Tata Communications’ data centre in the Mumbai region, thereby helping organisations
stay compliant with local regulations. {Read more}
Smart Points:
• Cisco + Tata Communications = launched their “Webex Calling” solution in India with cloud Public Switched Telephone
Network (PSTN)
• Aim: To help enterprises move from on-premises phone systems to a global cloud calling system
• HQs of Cisco – San Jose, California, US | CEO – Chuck Robbins
• HQs of Tata Communications – Mumbai, Maharashtra | CEO – A. S. Lakshminarayanan
42. The Council of Scientific & Industrial Research (CSIR) has successfully implemented its in-house developed “Accounts
Manager Software” for financial management. With this, CSIR has set an example for all other Central autonomous
institutions in India. On April 1, CSIR generated its annual accounts for the financial year 2023-24, well ahead of the General
Financial Rules (GFR) deadline of June 30. With an intuitive interface designed for ease of use, software users can effortlessly
input, track, and manage financial data. Moreover, it generates comprehensive financial reports, balance sheets, income &
expenditure statements, and other relevant analytics. Its real-time monitoring capability, allows users to monitor financial
activities in real-time. {Read more}
Smart Points:
• CSIR – successfully implemented its in-house developed “Accounts Manager Software” for financial management
• CSIR generated its annual accounts for FY24 on Apr 1, ahead of General Financial Rules (GFR) deadline of June 30
• HQs of CSIR – New Delhi | President – Narendra Modi | DG – Nallathamby Kalaiselvi | Established in – 1942
43. Microsoft has introduced a new image-to-video model, called “VASA-1”. ‘VAS’ in the
name stands for ‘Visual Affective Skill’. Microsoft’s VASA-1 AI model produces ‘hyper-
realistic’ talking faces from a single photo and speech track. Capable of handling various
inputs (that were not in the training dataset), it offers lifelike output with precise lip sync
and natural motions, suitable for gaming, social media, film making, customer support,
education and therapy. {Read more}
Smart Points:
• Microsoft – introduced a new image-to-video model, called “VASA-1” | ‘VAS’ in VASA stands for – Visual Affective Skill
• It produces ‘hyper-realistic’ talking faces from a single photo & speech track
• HQs of Microsoft – Washington, US | Chairman & CEO – Satya Nadella | Founded in – 1975
https:// /#
44. Israel recently employed “Global Positioning System (GPS) Spoofing”
techniques to protect against Iranian missile attacks. It is a technique used to
manipulate the GPS signals to deceive receivers, making them believe they
are at a different location than they are. Iran’s ballistic missiles and drones,
which can be guided using GPS, were equipped with Russia’s GLONASS system
to bypass Israel’s jamming. Similarly, the US had engaged in GPS Spoofing
during the Kargil War in 1999. The Indian military requested GPS data for the
region but was denied by the US. In response to this, India developed “NavIC (Navigation with Indian Constellation)”, which
was erstwhile known as the Indian Regional Navigation Satellite System (IRNSS) developed by the Indian Space Research
Organisation (ISRO). NavIC offers two services - Standard Position Service (SPS) for civilian users, and Restricted Service (RS)
for strategic users. {Read more}
Smart Points:
• Israel – employed “Global Positioning System (GPS) Spoofing” techniques to protect against Iranian missile attacks
• It is used to manipulate GPS signals to deceive receivers, making them believe they are at a different location
• Iran’s ballistic missiles & drones were equipped with – Russia’s ‘GLONASS’ system to bypass Israel’s jamming
• ISRO developed – “NavIC (Navigation with Indian Constellation)”, earlier known as ‘IRNSS’
• NavIC offers 2 services – Standard Position Service (SPS) for civilian users, & Restricted Service (RS) for strategic users
• Israel – Jerusalem – Israeli Shekel | President – Isaac Herzog | PM – Benjamin Netanyahu
45. IIT Roorkee scientists have developed a low-budget machine to convert pine needles into
sustainable livelihood. Pine needles, commonly referred to as Pirul, have been a primary catalyst for
forest fires in Uttarakhand and other mountainous regions of the country. This machine will not only
help curtail the spread of these fires but will also help transform the pine needles into a sustainable
source of income for local communities. {Read more}
Smart Points:
• IIT Roorkee – developed a low-budget machine to convert pine needles into sustainable livelihood
• Pine needles (aka Pirul) – a primary catalyst for forest fires in Uttarakhand & other mountainous regions of India
• Director of IIT Roorkee – Ajit K. Chaturvedi
46. Garuda Aerospace and Gujarat State Fertilisers and Chemicals (GSFC) University
have signed an MoU to advance aerospace entrepreneurship, research and innovation.
This collaboration will leverage the combined expertise of Garuda Aerospace and GSFC
University to drive forward new technologies, foster practical learning experiences,
and bridge the gap between academia and industry. The agreement encompasses a
spectrum of initiatives, including joint research projects, student internships, faculty
exchange programs, and collaborative workshops. {Read more}
Smart Points:
• Garuda Aerospace + GSFC University = an MoU to advance aerospace entrepreneurship, research & innovation
• HQs of Garuda Aerospace – Chennai, Tamil Nadu | CEO – Agnishwar Jayaprakash
• Gujarat: Capital – Gandhinagar | CM – Bhupendra Patel | Governor – Acharya Dev Vrat
https:// /#
47. Google announced “Project Gameface”, an open-source code that allows developers to
create software for a hands-free gaming mouse. The technology uses head tracking and
facial gesture recognition for controlling a computer’s cursor. Google is leveraging
MediaPipe’s ‘Face Landmarks Detection API’, which understands 52 facial gestures such as
raising left eyebrow or opening mouth. Google has also collaborated with Incluzza, a social
enterprise in India, to learn how-to expand the technology beyond gaming. {Read more}
Smart Points:
• Google – announced “Project Gameface”, an open-source code that allows developers to create software for a hands-
free gaming mouse
• The technology uses head tracking and facial gesture recognition for controlling a computer’s cursor
• Google is leveraging MediaPipe’s ‘Face Landmarks Detection API’, which understands 52 facial gestures
• Google + Incluzza = collaboration to learn how-to expand the technology beyond gaming
48. Larsen & Toubro (L&T) has dispatched the world’s heaviest Ethylene Oxide (EO)
Reactors to BASF chemical plant project in China. Manufactured at L&T’s A M Naik
Heavy Engineering Complex in Hazira, Gujarat, these reactors are the heaviest of their
kind ever built based on BASF technology. Each reactor weighs 1,136 metric tonnes.
The technology and manufacturing process employed by L&T leveraged advanced
engineering techniques and Industry 4.0 manufacturing technology. {Read more}
Smart Points:
• L&T – dispatched the world’s heaviest Ethylene Oxide (EO) Reactors to BASF chemical plant project in China
• The reactors were manufactured at – L&T’s A M Naik Heavy Engineering Complex in Hazira, Gujarat
• Each reactor weighs 1,136 metric tonnes
• HQs of L&T – Mumbai, Maharashtra | CEO & MD – S. N. Subrahmanyan | President – R. Shankar Raman
49. India announced to develop its first research testbed facility to help meteorologists deploy drones, mobile vans and
high-end instruments to track the Nor’westers or Kalbaisakhi, that affect the east and northeast regions of India every
summer. It aims to study thunderstorms from the formation stage, growth, and propagation over eastern parts of the
country. India Meteorological Department (IMD), Indian Institute of Tropical Meteorology (IITM), Pune, and National Centre
for Medium-Range Weather Forecasting (NCMRWF), Delhi, will jointly develop and use this facility. The proposed facility will
cover a large area adjoining West Bengal, Odisha, and Jharkhand. The control centre will be at Chandbali in the Bhadrak
district of Odisha. The facility will be completed by 2026. {Read more}
Smart Points:
• India – to develop its first research testbed facility to help meteorologists deploy drones, mobile vans and high-end
instruments to track the Nor’westers or Kalbaisakhi
• To be developed by = IMD + IITM, Pune + NCMRWF, Delhi (by 2026)
• The proposed facility will cover a large area adjoining West Bengal, Odisha, & Jharkhand
• The control centre will be at Chandbali in Bhadrak, Odisha
• HQs of IMD – New Delhi | Director General – Dr. Mrutyunjay Mohapatra | Founded in – 1875
https:// /#
50. Ministry of Electronics and Information Technology (MeitY) has led the development of two healthcare
technologies/instruments namely, “1.5 Tesla MRI Scanner” and “6 MEV Linear Accelerator”, to reduce the reliance on
imports. Both the healthcare instruments are developed with the participation of the Society for Applied Microwave
Electronics Engineering and Research (SAMEER) as the implementing agency, in collaboration with Centre for Development
of Advanced Computing (C-DAC), Trivendrum & Kolkata, Inter University Accelerator Centre (IUAC) and Dayanand Sagar
Institute (DSI). {Read more}
Smart Points:
• MeitY – led development of 2 healthcare instruments, “1.5 Tesla MRI Scanner” & “6 MEV Linear Accelerator”
• Developed by = SAMEER (implementing agency) + C-DAC + IUAC + Dayanand Sagar Institute
• Ministry of Electronics & Information Technology: Ashwini Vaishnaw | Constituency – Odisha
51. GalaxEye, a Bengaluru-based space-tech startup developing the world’s first

private multi-sensor earth observation satellite, has also become the first
company to successfully test its Synthetic Aperture Radar (SAR) technology on
a subscale High Altitude Pseudo-Satellite (HAPS), an UAV developed by the CSIR-
National Aerospace Laboratories (NAL). The demonstration was conducted at
the Aeronautical Test Range (ATR) near Chitradurga, Karnataka, facilitated by
the DRDO, marking a significant development in the realm of aerospace innovation. HAPS can be considered a middle ground
for drones and satellites, they operate in the stratosphere, offering unprecedented capabilities for prolonged aerial
surveillance. GalaxEye is an IIT Madras-incubated space tech startup. {Read more}
Smart Points:
• GalaxEye – became first company to successfully test its Synthetic Aperture Radar (SAR) technology on a subscale HAPS
• Conducted at – Aeronautical Test Range (ATR) near Chitradurga, Karnataka
• High Altitude Pseudo-Satellite (HAPS) – an UAV developed by CSIR-NAL & operate in stratosphere
• GalaxEye – an IIT Madras-incubated space tech startup
• HQs of GalaxEye – Bengaluru, Karnataka | CEO & Co-founder – Suyash Singh | Founded in – 2020
52. The National Aeronautics and Space Administration (NASA) has launched a pair of
climate satellites, under the “PREFIRE” (Polar Radiant Energy in the Far-InfraRed
Experiment) mission, aboard Rocket Lab’s Electron rocket from Launch Complex 1 in
Mahia, New Zealand. The PREFIRE mission was jointly developed by NASA and the
University of Wisconsin-Madison. The agency’s PREFIRE mission consists of two
shoebox-size cube satellites, or CubeSats, that will measure the amount of heat Earth radiates into space from two of the
coldest, most remote regions on the planet. Data from the PREFIRE mission will help researchers better predict how Earth’s
ice, seas, and weather will change in a warming world. This will improve prediction of sea ice loss, ice sheet melt, and sea
level rise, creating a better understanding of how our planet’s system will change in the coming years. {Read more}
Smart Points:
• NASA – launched 2 CubeSats, under “PREFIRE” mission, aboard Rocket Lab’s Electron rocket from New Zealand
• PREFIRE – Polar Radiant Energy in the Far-InfraRed Experiment | Developed by = NASA + Uni. of Wisconsin-Madison
• It consists of two shoebox-size cube satellites to measure amount of heat Earth radiates into space from poles
https:// /#
53. The Foundation for Interoperability in Digital Economy (FIDE) has unveiled a multi-network AI
agent that can carry out commercial transactions on the user’s behalf. The AI agent named,
“BecknGPT” (Beckn Generative Pre-trained Transformer), is an open-source demonstration app
over Open AI’s ChatGPT. It can order groceries, book travel tickets, buy a book online and even find an EV charging station.
FIDE, formerly Beckn Foundation, is the genesis co-author of the Beckn Protocol. {Read more}
Smart Points:
• FIDE – unveiled a multi-network AI agent named, “BecknGPT” to carry out commercial transactions on user’s behalf
• “BecknGPT” – Beckn Generative Pre-trained Transformer
• FIDE (formerly Beckn Foundation) – the genesis co-author of the Beckn Protocol
• HQs of FIDE – Bengaluru, Karnataka | CEO – Sujith Nair
54. IIT Madras’ startup, Agnikul Cosmos, has launched the world’s first rocket, called
“Agnibaan SOrTeD”, with a single-piece 3D printed engine. The rocket Agnibaan
SOrTeD (SubOrbital Technological Demonstrator) is also India’s first semi-cryogenic
engine-powered rocket launch that was completely designed and manufactured
indigenously. It was also launched from India’s first privately developed launchpad
called ‘Dhanush’ established by Agnikul at Sriharikota in Andhra Pradesh. The test
flight aims to demonstrate in-house and homegrown technologies, gather crucial flight data, and ensure the optimal
functioning of systems for Agnikul’s orbital launch vehicle, ‘Agnibaan’. Agnibaan is a two-stage rocket with a capacity to
carry up to 300 kg to a height of 700 km. The rocket engines are powered by liquid oxygen or kerosene. AgniKul became the
second private company to launch a rocket after India’s first privately developed rocket, from the company Skyroot, flew in
2022. Srinath Ravichandran is the Co-founder and CEO of Agnikul Cosmos. {Read more}
Smart Points:
• Agnikul Cosmos (IIT Madras) – launched world’s first rocket, “Agnibaan SOrTeD”, with a single-piece 3D printed engine
• It is India’s first semi-cryogenic engine-powered rocket launch, completely designed & manufactured indigenously
• Launched from – India’s first privately developed launchpad, ‘Dhanush,’ established by Agnikul at Sriharikota
• Aim: To demonstrate in-house & homegrown technologies, gather crucial flight data & ensure optimal functioning of
systems for Agnikul’s orbital launch vehicle, ‘Agnibaan’
• Agnibaan – two-stage rocket with capacity to carry 300 kg at a height of 700 km | Engines powered by – liquid oxygen
or kerosene
• AgniKul – became second private company to launch a rocket | 1st – Skyroot (flew in 2022)
• HQs of Agnikul Cosmos – Chennai, Tamil Nadu | Co-Founder & CEO – Srinath Ravichandran
55. Wipro has collaborated with the Centre for Brain Research (CBR), an autonomous, non-profit
research organization at the Indian Institute of Science (IISc) to develop a personal care engine that
will focus on reducing and managing the risk of cardiovascular disease and correlated
neurodegenerative disorders, by using Artificial Intelligence (AI) to personalize its interaction with
users, optimizing for their long-term health and wellbeing. Wipro’s research & development (R&D)
team, part of Lab45, will design and develop this engine. A.I. will take into account an individual’s health history, desired
health state, and other behavioral responses - to promote healthy aging, positive lifestyle changes, and psycho-social
wellbeing to meaningfully improve an individual’s health over time. {Read more}
https:// /#
Smart Points:
• WIPRO + CBR = collaborated to develop a personal care engine to focus on reducing & managing risk of cardiovascular
disease & correlated neurodegenerative disorders by using AI
• CBR – an autonomous, non-profit research organization at IISc, Bengaluru
• HQs of Wipro – Bangalore, Karnataka | MD & CEO – Srinivas Pallia | Founder Chairman – Azim Premji
https:// /#
Appointments & Resignations
1. On May 1, Vice Admiral Krishna Swaminathan, AVSM, VSM, assumed charge as Vice Chief of the Naval
Staff. A recipient of Ati Vishisht Seva Medal and Vishisht Seva Medal, the Admiral has held several key
operational, staff and training appointments in his naval career including the Command of missile vessels
INS Vidyut and INS Vinash; the missile corvette INS Kulish; the guided missile destroyer INS Mysore and
the aircraft carrier INS Vikramaditya. He succeeds Admiral Dinesh K Tripathi who is now elevated as the
Chief of Naval Staff. {Read more}
Smart Points:
• Vice Admiral Krishna Swaminathan – assumed charge as Vice Chief of Naval Staff (succeeding - Dinesh K Tripathi)
• He has held the Command of INS Vidyut, INS Vinash, INS Kulish, INS Mysore & INS Vikramaditya
2. Ministry of Statistics and Programme Implementation (MoSPI) has appointed A Ganesh Kumar and Debasis Kundu as
members of the National Statistical Commission (NSC). The NSC, which consists of total 5 members (including Chairman),
will now operate at full capacity with the appointment of these two members. The commission, chaired by RL Karandikar,
also has Asit Kumar Sadhu and Mukesh Mohania as members since December 2022. Ganesh Kumar is currently a professor
at the Indira Gandhi Institute of Development Research, Mumbai. While, Debasis Kundu is a professor at the Department of
Mathematics and Statistics at IIT Kanpur. The NSC was set up in 2005 on the recommendations of a panel headed by former
RBI governor C Rangarajan. The commission is mandated to strengthen the country’s statistical system and firm up surveys
to be undertaken to provide administrative statistics. {Read more}
Smart Points:
• MoSPI – appointed A Ganesh Kumar & Debasis Kundu as members of National Statistical Commission (NSC)
• NSC consists of total 5 members:
- RL Karandikar (Chairman) + Asit Kumar Sadhu, Mukesh Mohania, A Ganesh Kumar & Debasis Kundu
• NSC was set up in 2005 on the recommendations of a panel headed by – C Rangarajan (Former RBI Governor)
• MoS I/C of Ministry of Statistics & Programme Implementation: Rao Inderjit Singh | Constituency – Gurgaon
• HQs of NSC – New Delhi | Chairperson – R. L. Karandikar
3. Papua New Guinea (PNG) has appointed Colonel Edison Napyo as its first Defence Adviser to India. He
was appointed by the PNG’s acting Chief of Defence Force Commodore Philip Polewara. India and PNG
formalised diplomatic relations in 1976. In May 2023, PM Narendra Modi visited PNG and attended the
3rd summit of the Forum for India Pacific Islands Cooperation (FIPIC). The FIPIC consists of Cook Islands,
Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, PNG, Tonga,
Tuvalu and Vanuatu. {Read more}
Smart Points:
• Colonel Edison Napyo – appointed as 1st Defence Adviser of Papua New Guinea to India
• PM Modi – attended the 3rd Summit of the Forum for India Pacific Islands Cooperation in PNG (in May 2023)
• Papua New Guinea – Port Moresby – Kina | PM – James Marape
https:// /#
4. Senior Indian Information Service (IIS) officer, Maushumi Chakravarty assumed the charge of
Director General of Akashvani News or All India Radio (AIR). Ms Chakravarty has vast experience of
working in several media organisations of the I&B Ministry, including the Press Information Bureau
(PIB) and Central Bureau of Communication (CBC). She has also worked on deputation basis in the
National Human Rights Commission and as P.S. to Cabinet Minister. Ms. Chakravarty assumed the
charge after superannuation of Ms. Vasudha Gupta. The name Akashvani was adopted by AIR in 1956. {Read more}
Smart Points:
• Maushumi Chakravarty – assumed charge of DG of Akashvani News or A.I.R. (succeeding - Vasudha Gupta)
• The name ‘Akashvani was’ adopted by AIR in 1956
• HQs of AIR – New Delhi | DG – Maushumi Chakravarty
5. Aligarh Muslim University Prof. Mohammad Rihan is appointed Director General of the National
Institute of Solar Energy (NISE), an autonomous body under the Ministry of New and Renewable
Energy (MNRE). He will serve at NISE on deputation for 3 years. He is founder director of the Centre
for Grid Integrated Green and Renewable Energy at AMU. During his time at AMU, he led the
integration of 6.5MWp solar PV plants into the campus distribution grid, marking one of the largest
installations in any academic institution in India. {Read more}
Smart Points:
• Prof. Mohammad Rihan – appointed as DG of National Institute of Solar Energy (under MNRE) for 3 years
• He is founder director of Centre for Grid Integrated Green & Renewable Energy at AMU
• HQs of NISE – Gurgaon, Haryana | DG – Prof. Mohammad Riha | Established in – 2013
6. Ministry of Corporate Affairs (MCA) has given its nod for appointment of Hitesh Kumar Sethia as Managing Director and
CEO of Jio Financial Services for 3 years period, effective from November 15, 2023. The MCA approval is under and in respect
of the provisions of the Companies Act 2013 and should not be considered as covering any requirement of security clearance.
{Read more}
Smart Points:
• Hitesh Kumar Sethia – appointed as MD & CEO of Jio Financial Services for 3 years w.e.f. Nov 15, 2023
• HQs of Jio Financial Services – Mumbai, Maharashtra | Chairman – KV Kamath | MD & CEO – Hitesh Kumar Sethia
7. Solomon Islands lawmakers have elected former Foreign Minister Jeremiah Manele as Prime
Minister. Manele won 31 votes to Opposition leader Matthew Wales’ 18 votes in the 50-seat
parliament. Mr Manele succeeds Manasseh Sogavare. Manele is associated with the Ownership, Unity
and Responsibility (OUR) Party. Manele has been a leading figure in Sogavare’s cabinet from 2019 to
2024, a period that saw drastic shifts within the nation and with its place in the world. {Read more}
Smart Points:
• Jeremiah Manele – elected as Prime Minister of Solomon Islands (succeeding - Manasseh Sogavare)
• Defeated – Matthew Wales | Party – Ownership, Unity & Responsibility (OUR) Party
• Solomon Islands – Honiara – Solomon Islands Dollar | Prime Minister – Jeremiah Manele
8. Pratima Singh, a 2009-batch IRS officer, has been appointed as the Director in the Department of Promotion of Industry
and Internal Trade (DPIIT) that functions under the Ministry of Commerce and Industry. Selected under the Central Staffing
Scheme, Singh’s appointment is set for a tenure of 5 years from the date she assumes office or until further directives are
issued, whichever occurs first. {Read more}
https:// /#
Smart Points:
• Pratima Singh – appointed as Director in the DPIIT for 5 years
9. UNICEF India has appointed Bollywood star Kareena Kapoor Khan as its new National
Ambassador. Kareena, who has been associated with UNICEF India since 2014, will support the
not-for-profit organisation in furthering every child's right to early childhood development,
health, education and gender equality. The 43-year-old actor had earlier served as a Celebrity
Advocate for UNICEF India. Besides Kareena, UNICEF India has also appointed its first-ever Youth
Advocates, who are peer leaders and champions on issues like climate action, mental health,
innovations and Girls in STEM (science, technology, engineering and mathematics). The four advocates are Gauranshi
Sharma from Madhya Pradesh on right to play and disability inclusion; Kartik Verma from Uttar Pradesh on climate action
and child rights advocacy; singer Nahid Afrin from Assam on mental health and early childhood development; and Vinisha
Umashankar from Tamil Nadu is a budding innovator and STEM pioneer. {Read more}
Smart Points:
• Kareena Kapoor Khan – appointed as new National Ambassador of UNICEF India
• UNICEF India also appointed its first-ever 4 Youth Advocates:
- Gauranshi Sharma (Madhya Pradesh) – on right to play & disability inclusion
- Kartik Verma (Uttar Pradesh) – on climate action & child rights advocacy
- Nahid Afrin (Assam) – on mental health & early childhood development
- Vinisha Umashankar (Tamil Nadu) – a budding innovator & STEM pioneer
• HQs of UNICEF – New York, US | Executive Director – Catherine Russell | Established in – 1946
10. Jose Raul Mulino has won Panama’s Presidential election. The 64-year-old former Security Minister
had nearly 35% of the votes with more than 92% of the votes counted, giving him a nine-point lead over
his nearest competitor. Mulino will succeed outgoing President Laurentino Cortizo. Panama is a country
on the isthmus linking Central and South America. {Read more}
Smart Points:
• Jose Raul Mulino – won the Presidential election of Panama (Outgoing President - Laurentino Cortizo)
• Panama – Panama City – Balboa | President – Jose Raul Mulino
11. Finance Minister Nirmala Sitharaman has administered the oath of integrity and secrecy to Justice
Sanjaya Kumar Mishra (Retd) who is appointed as the President of the GST Appellate Tribunal (GSTAT).
GSTAT is the appellate authority established under the ‘Central Goods and Services Tax Act, 2017’, to
hear various appeals under this Act and the respective state/UT GST Acts against the orders of the first
appellate authority. Sanjaya Mishra, the former Chief Justice of the Jharkhand High Court, was
selected by a search-cum-selection committee headed by the Chief Justice of India, D.Y. Chandrachud. In December 2023,
the parliament passed a bill to raise the age cap of President and members of the GST Appellate Tribunals to 70 years and
67 years, respectively. {Read more}
Smart Points:
• Justice Sanjaya Kumar Mishra – appointed as the President of the GST Appellate Tribunal (GSTAT)
• Finance Minister Nirmala Sitharaman administered the oath of integrity & secrecy to him
• Age cap of President & members of the GST Appellate Tribunals – 70 years & 67 years (respectively)
https:// /#
12. Croatia’s incumbent Prime Minister Andrej Plenkovic has been re-elected for the third term. Mr.
Plenkovic’s centre-right HDZ party bagged 61 seats. The April elections were held as the European Union
nation, Croatia, struggles with challenges including corruption, a labour shortage, the highest inflation rate in
the eurozone, and undocumented migration. Zoran Milanovic is the current President of Croatia. {Read
more}
Smart Points:
• Andrej Plenkovic (HDZ party) – re-elected as PM of Croatia for the 3rd term
• Croatia – Zagreb – Euro | PM – Andrej Plenkovic | President – Zoran Milanovic
13. Larsen & Toubro (L&T) has elevated R. Shankar Raman as the President of the company. Raman
continues to hold the position of the Whole-time Director and CFO of the company. Sarma, who
joined L&T Group in November 1994, will continue with his current responsibilities towards
hydrocarbon, power, and green manufacturing and development businesses. L&T is a $27 billion
Indian multinational enterprise engaged in Engineering, Procurement and Construction (EPC)
projects, hi-tech manufacturing and services, operating across multiple geographies.
Smart Points:
• R. Shankar Raman – elevated as President of L&T & will also hold the position of Whole-time Director & CFO
• HQs of L&T – Mumbai, Maharashtra | CEO & MD – S. N. Subrahmanyan | President – R. Shankar Raman
14. N Chandrasekaran, the chairman of Tata Sons, has received an additional role as the Chairman of Tata Electronics.
Chandrasekaran will succeed Banmali Agrawala, who has held the position for several years and has recently transitioned
into an advisory role within the Tata group. Established in 2020, Tata Electronics is the sole Indian vendor assembling iPhone
enclosures for Apple. {Read more}
Smart Points:
• N Chandrasekaran (Chairman of Tata Sons) – appointed as Chairman of Tata Electronics (succeeding - Banmali Agrawala)
• HQs of Tata Electronics – Bengaluru, Karnataka | MD & CEO – Randhir Thakur | Chairman – N Chandrasekaran
15. Dileep Sanghani, who served as a cabinet minister when Narendra Modi was chief minister of Gujarat, has been re-
elected as Chairman of the Indian Farmers Fertilizer Cooperative (IFFCO) for the second consecutive term. Balvir Singh was
re-elected as vice-chairman of IFFCO, the world’s largest cooperative organisation, for the second consecutive time. {Read
more}
Smart Points:
• Dileep Sanghani – re-elected as Chairman of IFFCO for 2nd consecutive term
• Balvir Singh – re-elected as Vice-Chairman of IFFCO for 2nd consecutive term
• HQs of IFFCO – New Delhi | Chairman – Dileep Sanghani | Established in – 1967
16. Vice Admiral Sanjay Bhalla has assumed the charge of Chief of Personnel of the Indian Navy. He was
commissioned in the Indian Navy on January 1, 1989. He has held commands at sea including, INS Nishank,
INS Taragiri, INS Beas, and the coveted appointment of Flag Officer Commanding Eastern Fleet (FOCEF). He
has been awarded the Ati Vishisht Seva Medal, the Nao Sena Medal, and Commendations by the Chief of
the Naval Staff and the Flag Officer Commanding-in-Chief. {Read more}
https:// /#
Smart Points:
• V Adm Sanjay Bhalla – assumed charge of Chief of Personnel of Indian Navy
• He is awarded with – Ati Vishisht Seva Medal, Nao Sena Medal & Commendations
17. Mahamat Idriss Deby Itno has won the Presidential election of Chad. The election will
legitimise the rule of Mahamat Idris Deby Itno for another 6 years. Mahamat Idris Deby Itno
secured 61.03% of the votes while his nearest rival, Prime Minister Succes Masra, got only
18.53% votes. Mahamat Idris Deby seized power with the support of fellow army generals in
2021 and became the interim president of the country after the death of his father, President
Idriss Deby. Chad is a landlocked country situated in north-central Africa. {Read more}
Smart Points:
• Mahamat Idriss Deby Itno – elected as President of Chad for another 6 years (defeating - Succes Masra)
• Chad – N’Djamena – Central African CFA franc | PM – Succes Masra | President – General Mahamat Idriss Deby Itno
18. Singapore’s Deputy Leader, Lawrence Wong, was sworn in as the nation’s 4th Prime Minister. Wong,
a civil servant turned politician, succeeds Lee Hsien Loong who stepped down after two decades at the
helm. Since becoming an independent nation in 1965, Singapore has only had 3 Prime Ministers - all
from the ruling People’s Action Party (PAP). Lee’s resignation marked the end of a family dynasty led
by his father Lee Kuan Yew. {Read more}
Smart Points:
• Lawrence Wong – sworn in as 4th PM of Singapore (succeeding - Lee Hsien Loong)
• Singapore – Singapore – Dollar | PM – Lawrence Wong | President – Tharman Shanmugaratnam
19. Idashisha Nongrang has been appointed the first woman Director General of Police (DGP) of
Meghalaya. She will replace Lajja Ram Bishnoi who will retire on May 19. She will serve as the State’s
police chief till May 19, 2026. Ms. Nongrang belongs to the Khasi community and is currently the Director
General of Meghalaya Civil Defence. The Khasis are a matrilineal community. The other two matrilineal
communities of the State are Garos and Jaintias. {Read more}
Smart Points:
• Idashisha Nongrang – appointed as first woman DGP of Meghalaya till May 19, 2026 (replacing - Lajja Ram Bishnoi)
• Matrilineal communities of Meghalaya – Khasis, Garos & Jaintias
• Meghalaya: Capital – Shillong | CM – Conrad Kongkal Sangma | Governor – Phagu Chauhan
20. Mr. Rizwan Koita, Director of Koita Foundation and co-founder of CitiusTech, has been appointed as
the Chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH). NABH
is a constituent board of the Quality Council of India (QCI) that is responsible for setting benchmarks for
quality, accrediting and certifying hospitals and other healthcare organisations. Mr. Koita has been a Board
member of NABH over the past 2 years and has been actively involved with the Digital Health initiatives
at NABH. Mr. Koita received IIT Bombay’s prestigious Distinguished Alumni Award in 2019, and the Ernst & Young
Entrepreneur of Year Award in 2013. {Read more}
https:// /#
Smart Points:
• Mr. Rizwan Koita – appointed as Chairperson of National Accreditation Board for Hospitals & Healthcare Providers
• Currently, he is Director of Koita Foundation & Co-founder of CitiusTech
• He received:
- IIT Bombay’s Distinguished Alumni Award (2019)
- Ernst & Young Entrepreneur of Year Award (2013)
• HQs of NABH – New Delhi | CEO – Atul Mohan Kochhar | Founded – 2006 (functions under QCI)
21. Senior Advocate Kapil Sibal was elected as President of the Supreme Court Bar Association (SCBA). He
would be serving the SCBA for the 4th time as its President. Mr. Sibal would take over from the incumbent,
senior advocate Adish C. Aggarwala. Senior advocate Pradeep Rai was the runner-up in the election.
Advocate Vikrant Yadav was elected SCBA Secretary. {Read more}
Smart Points:
• Kapil Sibal – elected (4th time) as President of the Supreme Court Bar Association (succeeding - Adish C. Aggarwala)
22. Lai Ching-te, also known as William Lai, is elected as the President of Taiwan, embarking a historic third
consecutive term for the ruling Democratic Progressive Party (DPP). Hsiao Bi-khim is the new Vice President.
Taiwan is an island country in the West Pacific Ocean. {Read more}
Smart Points:
• Lai Ching-te (aka William Lai) – elected as President of Taiwan | New Vice President – Hsiao Bi-khim
• It is 3rd consecutive term for ruling Democratic Progressive Party
• Taiwan – Taipei – New Taiwan dollar | President – Lai Ching-te
23. Sanjiv Puri, the Chairman and Managing Director of ITC, has been appointed as the President of the
Confederation of Indian Industry (CII) for the term 2024-25. Puri succeeds R Dinesh, the Chairman of TVS
Supply Chain Solutions, in this prestigious role. R Mukundan, MD & CEO of Tata Chemicals Limited, takes
on the role of Vice President of CII for 2024-25. Rajiv Memani assumes the role of President-Designate for
the 2024-25 term. Memani, holding the position of Chairman for EY (Ernst & Young) in the India region, is
a prominent figure in the global professional services sector. {Read more}
Smart Points:
• Sanjiv Puri – appointed as the President of Confederation of Indian Industry (CII) for 2024-25 (succeeding - R Dinesh)
• R Mukundan – appointed as the Vice President of CII for 2024-25
• Rajiv Memani – assumes the role of President-Designate of CII for the 2024-25 term
• HQs of CII – New Delhi | President – Sanjiv Puri | VP – R Mukundan | DG – Chandrajit Banerjee
24. Senior IPS officers A.Y.V. Krishna and N. Venu Gopal have been appointed as Additional Directors
in the Central Bureau of Investigation (CBI). Mr. Krishna, a 1995-batch IPS officer of Assam-Meghalaya
cadre, is currently working as Inspector General in the Central Reserve Police Force (CRPF). He has been
inducted as the additional director of CBI for a tenure up to August 6, 2028. While Mr. Venu Gopal
(Himachal Pradesh cadre) is presently working as joint director in the CBI. He has been appointed as
additional director, CBI for a tenure up to May 24, 2027. {Read more}
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Smart Points:
• A.Y.V. Krishna & N. Venu Gopal – appointed as Additional Directors in CBI
• A.Y.V. Krishna – currently working as IG in CRPF | N. Venu Gopal – currently working as Joint Director in CBI
• HQs of CBI – New Delhi | DG – Praveen Sood | Motto – “Industry, Impartiality, Integrity”
25. Dominican Republic President Luis Abinader is re-elected for another 4-year term. Mr. Abinader is a
U.S.-trained economist of Lebanese descent and multi-millionaire heir of a family tourism and
construction empire. He is known for anti-corruption stance and tough policies on Haitian migration.
{Read more}
Smart Points:
• Luis Abinader – re-elected as Dominican Republic President for another 4-year term
• Dominican Republic – Santo Domingo – Dominican Peso | President – Luis Abinader
26. Vietnam’s top security official To Lam is appointed as the nation’s new President. Mr. Lam spent more
than four decades in the Ministry of Public Security before becoming the minister in 2016. He will replace
Vo Thi Anh Xuan who took charge as Interim President after the previous President Vo Van Thuong’s
resignation. {Read more}
Smart Points:
• To Lam – appointed as new President of Vietnam (succeeding - Vo Van Thuong)
• Vietnam – Hanoi – Vietnamese dong | PM – Pham Minh Chinh | President – To Lam
27. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), announced
to resign from his current role and become Chairman of the board of trustees by January 2025. The
forum, which was established by Mr. Schwab in 1971, is known for its annual gathering of political and
business leaders in Davos, Switzerland. {Read more}
Smart Points:
• Klaus Schwab (Founder & Executive Chairman of WEF) – to resign from his current role and become Chairman of the
board of trustees by January 2025
• HQs of WEF – Cologny, Switzerland | Exe. Chairman – Klaus Schwab | President – Borge Brende | Founded – 1971
28. Iran’s first Vice President Mohammad Mokhber is appointed as Interim President of Iran, after the
death of President Ebrahim Raisi in a helicopter crash in the country’s northwest. Mr. Mokhber oversaw
a bonyad known in English as the ‘Execution of Imam Khomeini’s Order (EIKO), referring to the late
Supreme Leader Ayatollah Ruhollah Khomeini. {Read more}
Smart Points:
• Mohammad Mokhber (Iran’s first VP) – appointed as Interim President of Iran (after death of President Ebrahim Raisi)
• Iran – Tehran – Rial | Interim President – Mohammad Mokhber | Supreme Leader – Ali Khamenei
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29. Jetha Ahir, who has served as the deputy speaker of the Gujarat Assembly, has been elected
uncontested as the Chairman of the National Agricultural Cooperative Marketing Federation of India
(NAFED). Jetha Ahir is also the Chairman of Panchmahal’s Pancharmrut Dairy as well as the Panchmahal
District Cooperative (PDC) Bank. {Read more}
Smart Points:
• Jetha Ahir – elected as the Chairman of National Agricultural Cooperative Marketing Federation of India (NAFED)
• He is also the Chairman of Panchmahal’s Pancharmrut Dairy and Panchmahal District Cooperative (PDC) Bank
• HQs of NAFED – New Delhi | Chairman – Jetha Ahir
30. Mallika Nadda has been appointed as Chairperson of the Special Olympics Asia Pacific Advisory
Council (APAC), for 3 years. Mallika Nadda, wife of BJP National President JP Nadda, has been serving
as the Chairperson of Special Olympics Bharat since 2021. She would serve as the SO Bharat
representative on the APAC where Special Olympics Bharat has a permanent seat. Mallika Nadda has
been felicitated with prestigious accolades including the ‘Rajiv Gandhi Manav Sewa Puraskar Award’
in 2010, by the Ministry of Women and Child, Government Of India for exemplary work in the field of
Child Development, the ‘Derozio Award’ in 2011 in the field of Education and Human Enrichment and the ‘Rotary Shreyas
Award’ in 2015-16 for exemplary Social Services. {Read more}
Smart Points:
• Mallika Nadda – appointed as Chairperson of the Special Olympics Asia Pacific Advisory Council (APAC) for 3 years
• Mallika Nadda (wife of BJP National President JP Nadda) – is serving as the Chairperson of Special Olympics Bharat
31. A politician, economist, and banker Gitanas Nauseda has been re-elected as Lithuania’s President by
winning 76% of votes in the recent Presidential election. He was previously director of monetary policy at
the Bank of Lithuania from 1996 to 2000. His opponent was Prime Minister Ingrida Simonyte. {Read more}
Smart Points:
• Gitanas Nauseda – re-elected as President of Lithuania (defeating - Ingrida Simonyte)
• Lithuania – Vilnius – Euro | President – Gitanas Nauseda | PM – Ingrida Simonyte
32. Chad’s newly elected President, Mahamat Idriss Deby, has been sworn in to succeed his late father
after 3 years as an interim leader under military rule in the northcentral African country. Besides,
Allamaye Halina would assume the post of Prime Minister after Succes Masra announced his resignation
from the position. {Read more}
Smart Points:
• Mahamat Idriss Deby – sworn in as President of Chad (succeeding - Idriss Deby Itno)
• Allamaye Halina – appointed as the PM of Chad (succeeding - Succes Masra)
• Chad – N’Djamena – Central African CFA franc | PM – Allamaye Halina | President – Mahamat Idriss Deby
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33. The Appointments Committee of Cabinet has approved the extension in service of Chief of the Army
Staff (COAS) General Manoj C Pande for a period of one month, beyond his normal age of
superannuation (May 31, 2024), i.e., up to June 30, 2024, under Rule 16 A (4) of the ‘Army Rules, 1954’.
He was appointed as the COAS on April 30, 2022. The extension in tenure indicates that a decision on
the selection of the next Army chief will be open for the next government. This rarely happens. The last
time the tenure of a service chief was extended was in 1973, when Gen GG Bewoor was given a 9-month extension by the
then government. The Army chief retires on completion of 3 years in the appointment or on attaining the age of 62,
whichever is earlier. {Read more}
Smart Points:
• General Manoj C Pande – extended as Chief of Army Staff up to June 30, 2024 under Rule 16 A (4) of ‘Army Rules, 1954’
• Gen GG Bewoor – given a 9-month extension in 1973 (earlier, 1st such rare extension)
• Chief of the Army Staff – retires on completion of 3 years in appointment or on attaining age of 62, whichever is earlier
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Awards, Rewards, Recognition & Prizes
1. Dr Purnima Devi Barman, a wildlife biologist from Assam, won the GBP 1,00,000
“Whitley Gold Award” from the Whitley Fund for Nature (WFN), at a Royal
Geographical Society awards ceremony in London. She has been honoured with
this leading UK wildlife charity award for her conservation efforts of the
endangered ‘Greater Adjutant Stork’ and its wetland habitat. The WFN supports
grassroots conservation leaders from around the world. Barman received the
trophy from Princess Anne, the sister of King Charles III. The stork is locally known
as “Hargila” in Assamese. The government of Assam celebrated 7 October 2022
as “Hargila Day”. Barman wants to double the global population of the bird to 5,000 by 2030, working across the stork’s
range in India and Cambodia. The Whitley Awards also celebrated six other grassroots conservationists from Guyana, Papua
New Guinea, Bhutan, Cameroon, Nepal (Raju Sharma) and Brazil for their locally-led solutions to the global biodiversity and
climate crises. {Read more}
Smart Points:
• Dr Purnima Devi Barman – won GBP 1,00,000 “Whitley Gold Award” from Whitley Fund for Nature (WFN) in London
• She was awarded for her conservation efforts of endangered ‘Greater Adjutant Stork’ & its wetland habitat
• She received trophy from – Princess Anne, sister of King Charles III
• In Assamese, stork is known as “Hargila” | Assam – celebrated Oct 7, 2022 as “Hargila Day”
• She wants to double global population of bird to 5,000 by 2030, working across stork’s range in India & Cambodia
• This award was also given to 6 other conservationists from Guyana, PNG, Bhutan, Cameroon, Nepal & Brazil
2. The Goldman Environmental Foundation has announced 7 recipients of the

35th edition of “Goldman Environmental Prize 2024”, the world’s foremost
award for grassroots environmental activists, and also known as “Green
Nobel Prize”. It is awarded annually to environmental heroes from each of the
world’s six inhabited continental regions. The Prize was founded in 1989 in
San Francisco by philanthropists and civic leaders Rhoda and Richard
Goldman. This year’s winners are - India’s Alok Shukla (Asia), South Africa’s
Nonhle Mbuthuma & Sinegugu Zukulu (Africa), Australia’s Murrawah Maroochy Johnson (Islands & Island Nations), Spain’s
Teresa Vicente (Europe), Andrea Vidaurre of the US (North America), and Brazil’s Marcel Gomes (South & Central America).
Alok Shukla led a successful community campaign that saved 4,45,000 acres of biodiversity-rich forests from 21 planned coal
mines in the central Indian state of Chhattisgarh. Mr Alok is the convenor of the Chhattisgarh Bachao Andolan and founding
member of the Hasdeo Aranya Bachao Sangharsh Samiti. {Read more}
Smart Points:
• Goldman Environmental Foundation – announced 7 recipients of 35th edition of “Goldman Environmental Prize 2024”
- Asia: Alok Shukla (India)
- Africa: Nonhle Mbuthuma & Sinegugu Zukulu (South Africa)
- Islands & Island Nations: Murrawah Maroochy Johnson (Australia)
- Europe: Teresa Vicente (Spain)
- North America: Andrea Vidaurre (US)
- South & Central America: Marcel Gomes (Brazil)
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• Alok Shukla led a successful community campaign saving 4,45,000 acres of biodiversity-rich forests from 21 planned
coal mines in Chhattisgarh
• Alok is convenor of Chhattisgarh Bachao Andolan & founding member of Hasdeo Aranya Bachao Sangharsh Samiti
• This award is also known as “Green Nobel Prize” (founded in 1989 by Rhoda & Richard Goldman)
3. India Today Group has been selected as the best in South Asia for ‘AI-led Newsroom
Transformation’ at the International News Media Association (INMA)’s “2024 Global
Media Award”. India Today Group’s human-collaborative AI anchor, “Sana”, won first
place among national brands for the ‘Best Use of AI in Customer-facing Products’. The
India Today Group introduced India’s First AI Anchor, Sana, in March 2023. The awards
ceremony was held at the Victoria and Albert Museum in London, UK. {Read more}
Smart Points:
• “2024 Global Media Award” organised in London – by International News Media Association (INMA)
• India Today Group – selected as best in South Asia for ‘AI-led Newsroom Transformation’
• “Sana” (AI anchor) – first place among national brands for ‘Best Use of AI in Customer-facing Products’
• Sana – introduced by India Today Group as India’s 1st AI Anchor in March 2023
• HQs of India Today Group – Noida, UP | Chairman – Aroon Purie | Founded in – 1975
4. Palestinian journalists covering Gaza have been named winners of “2024 UNESCO/Guillermo
Cano World Press Freedom Prize”. The winners were chosen upon the recommendation of an
international jury of media professionals. In the absence of foreign media, local journalists have
been the eyes and ears of the Gaza Strip as Israeli strikes kill enormous numbers of civilians
there. The UNESCO has recorded the deaths of 26 journalists, but the actual number could be
much more. {Read more}
Smart Points:
• Palestinian journalists covering Gaza – emerged winners of ‘2024 UNESCO/Guillermo Cano World Press Freedom Prize’
• Palestine – Jerusalem – Palestinian Pound | PM – Mohammad Mustafa | President – Mahmoud Abbas
• HQs of UNESCO – Paris, France | DG – Audrey Azoulay | Founded in – 1945 | Members – 193 Countries
5. Meryl Streep will be honoured with the prestigious “Palme d’Or” at 77th Cannes Film Festival.
American actress won the best actress prize at Cannes in 1989. The Cannes Film Festival will also
feature appearances by other Hollywood luminaries, including Star Wars creator George Lucas,
who will receive a “Lifetime Achievement Award”. Additionally, legendary Japanese animation
studio, Studio Ghibli, will be honored with an honorary “Palme d’Or”, marking the first time the
award will be bestowed upon a group rather than an individual. {Read more}
Smart Points:
• 77th Cannes Film Festival:
- Meryl Streep (American actress) – to be honoured with “Palme d’Or” award
- Studio Ghibli (Japan) – to be honored with “Palme d’Or” award (1st group to receive this honor)
- George Lucas (American filmmaker) – to receive a “Lifetime Achievement Award”
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6. For 2024, President Droupadi Murmu approved the conferment of 132 Padma
awards, comprising 5 Padma Vibhushan, 17 Padma Bhushan, and 110 Padma Shri
awards, which were announced in January 2024. The Padma awards, among the
highest civilian honours of the country, are conferred in three categories - Padma
Vibhushan, Padma Bhushan, and Padma Shri. Padma Vibhushan is awarded for
exceptional and distinguished service, Padma Bhushan for distinguished service of
high order, and Padma Shri for distinguished service in any field. The awards are given
in various disciplines or fields of activities, such as art, social work, public affairs, science and engineering, trade and industry,
medicine, literature and education, sports, civil service etc. Vice President Jagdeep Dhankhar, Prime Minister Narendra Modi,
and Union Home Minister Amit Shah were among the dignitaries present on the occasion. While, some of the important Padma
Shri awardees are - Pran Sabharwal (an eminent theatre artist from Punjab), Sano Vamuzo (a social worker from Nagaland),
Kiran Labhshanker Vyas (a yoga guru), Charlotte Chopin (a 101-year-old French yoga teacher), Joden Lepcha (a famous bamboo
craftsman from Sikkim). 30 of the awardees are women. The list also includes 8 people from the category of
Foreigners/NRI/PIO/OCI and 9 posthumous awardees. The awards are announced on the eve of Republic Day every year. The
Padma Vibhushan awardees & Padma Bhushan awardees are given below. {Click here for Full List of Padma Awards 2024}
Smart Points:
• President Droupadi Murmu conferred 132 Padma awards (5 Padma Vibhushan, 17 Padma Bhushan & 110 Padma Shri)
• Padma Vibhushan (5):
• Padma Bhushan (17):
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• Some important Padma Shri awardees (out of 110):
- Pran Sabharwal (an eminent theatre artist from Punjab)
- Sano Vamuzo (a social worker from Nagaland)
- Kiran Labhshanker Vyas (a yoga guru)
- Charlotte Chopin (a 101-year-old French yoga teacher)
- Joden Lepcha (a famous bamboo craftsman from Sikkim)
• ‘Padma Awards 2024’ includes – 30 women, 8 people from the category of Foreigners/NRI/PIO/OCI, & 9 posthumous
7. Hemant Khatri, CMD of Hindustan Shipyard Limited (HSL), has been honored with the
esteemed “PSU Samarpan Award” by Gov Connect, an initiative by ilouge Media. The award
ceremony recognized the exemplary leadership of HSL’s CMD in driving the transformation
of the Shipyard and inspiring countless individuals within the industry. He received the
award in the ‘Other PSU’ category, alongside other CPSEs such as Hindustan Aeronautics
Ltd and IRCON International Ltd in the ‘Navratna’ category, and Braithwaite & Co Ltd,
Bridge & Roof Company (India) Ltd, HSCC (India) Ltd, KIOCL Ltd, Instruments Ltd,
Consultants India Ltd, and WAPCOS in the ‘Miniratna’ category. {Read more}
Smart Points:
• Hemant Khatri (CMD of HSL) – honored with “PSU Samarpan Award” by Gov Connect (in ‘Other PSU’ category)
• For: his exemplary leadership in driving transformation of Shipyard & inspiring countless individuals within industry
• Other awardees:
- ‘Navratna’ category: Hindustan Aeronautics Ltd & IRCON International Ltd
- ‘Miniratna’ category: Braithwaite & Co Ltd, Bridge & Roof Company (India) Ltd, HSCC (India) Ltd, KIOCL Ltd,
Instruments Ltd, Consultants India Ltd & WAPCOS
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8. The ‘Sahṛdayaloka-Locana’, ‘Panchatantra’, and ‘Ramcharitmanas’ have been included in “UNESCO’s Memory of the
World Asia-Pacific Regional Register”. This inclusion is a confirmation of India’s rich literary heritage and cultural legacy.
‘Sahṛdayaloka-Locana’, ‘Panchatantra’, and ‘Ramcharitmanas’ were authored by Acharya Anandvardhan, Pt. Vishnu Sharma,
and Goswami Tulsidas, respectively. Professor Ramesh Chandra Gaur, Dean and Head of the Department, Kala Nidhi Division
at IGNCA, successfully presented these 3 entries from India. The Indira Gandhi National Centre for the Arts (IGNCA) played
a vital role in securing a historic moment during the 10th meeting of the Memory of the World Committee for Asia and the
Pacific (MOWCAP) in Ulaanbaatar, Mongolia. {Read more}
Smart Points:
• ‘Sahṛdayaloka-Locana’, ‘Panchatantra’ & ‘Ramcharitmanas’ – included in “UNESCO’s Memory of the World Asia-Pacific
Regional Register”
• Authors:
- ‘Sahṛdayaloka-Locana’ – Acharya Anandvardhan
- ‘Panchatantra’ – Pt. Vishnu Sharma
- ‘Ramcharitmanas’ – Goswami Tulsidas
• 10th meeting of Memory of the World Committee for Asia and the Pacific (MOWCAP) – held in Ulaanbaatar, Mongolia
• IGNCA presented these 3 entries from India
• HQs of UNESCO – Paris, France | DG – Audrey Azoulay | Founded in – 1945 | Members – 193 Countries
9. Mohammed Salem has won the prestigious “2024 World Press Photo of the Year” award for his image
of a Palestinian woman cradling the body of her five-year-old niece in the Gaza Strip. Amsterdam-based
World Press Photo Foundation recognises the dangers facing journalists covering conflicts. It said 99
journalists and media employees had been killed covering the war between Israel and Hamas. Mr. Salem,
a Palestinian aged 39, has worked for Reuters since 2003. GEO photographer Lee-Ann Olwage of South
Africa won the “2024 World Press Photo Story of the Year” category with images documenting dementia
in Madagascar. The “2024 World Press Photo Long-Term Project Award” was won by Alejandro Cegarra
of Venezuela for the series “The Two Walls” for The New York Times/Bloomberg. Ukrainian photographer Julia Kochetova
won the “2024 World Press Photo Open Format Award” for her project ‘War Is Personal’. {Read more}
Smart Points:
• Awards given by World Press Photo Foundation:
• “2024 World Press Photo of the Year” – Mohammed Salem (Palestine)
- for his image of a Palestinian woman cradling body of her five-year-old niece in Gaza Strip
• “2024 World Press Photo Story of the Year” – Lee-Ann Olwage (South Africa)
- for images documenting dementia in Madagascar
• “2024 World Press Photo Long-Term Project Award” – Alejandro Cegarra (Venezuela)
- for series “The Two Walls” for The New York Times/Bloomberg
• “2024 World Press Photo Open Format Award” – Julia Kochetova (Ukraine)
- for her project ‘War Is Personal’
• HQs of WPPF – Amsterdam, Netherlands | Ex. Director – Joumana El Zein Khoury | Established – 1955
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10. Eminent author Ruskin Bond has been awarded the “Sahitya Akademi Fellowship”,
the highest honour given by the literary organisation. Mr. Bond has been active in the
world of writing for more than 50 years. His early works of fiction include short-story
collections and novels as well as some autobiographical works. Later, he also wrote
non-fiction, romance and children’s books. His favourite genres are essays and stories.
The 1978 Hindi film ‘Junoon’ is based on Ruskin’s historical novel ‘A Flight of Pigeons
(Indian Rebellion of 1857)’. He has been honoured with Padma Shri in 1999 and Padma Bhushan in 2019, and the Sahitya
Akademi Bal Sahitya Puraskar in 2012. Bond was named a recipient of Akademi’s highest honour in September 2021.
However, due to his ill health, he could not be given the honour in person. The honour was given to him by Sahitya Akademi
President Madhav Kaushik and Sahitya Akademi Secretary K. Sreenivasarao. {Read more}
Smart Points:
• Ruskin Bond – received “Sahitya Akademi Fellowship”, the highest honour given by literary organisation
• His works include: short-story, novels & autobiography, romance & children’s books | Genres – Essays & stories
• His awards: Padma Shri (1999), Padma Bhushan (2019), Sahitya Akademi Bal Sahitya Puraskar (2012)
• HQs of Sahitya Akademi – Delhi | President – Madhav Kaushik | Vice President – Kumud Sharma
11. Dr. Lakshmi Kant, Director of the Vivekananda Parvatiya Krishi Anusandhan Sansthan in Almora,
has been selected for the prestigious “Dr. B. R. Barwale Award 2023”. Dr. Lakshmi Kant’s selection
for this esteemed award underscores his significant achievements and leadership in agricultural
research. His pioneering work includes the evaluation of over 3500 genetic resources of wheat. Dr.
Lakshmi Kant has also played a pivotal role in developing 15 high-yielding and rust-resistant wheat
varieties tailored for the unique production conditions of India’s northern mountainous regions. {Read more}
Smart Points:
• Dr. Lakshmi Kant – selected for “Dr. B. R. Barwale Award 2023” for achievements & leadership in agricultural research
• Currently, he is Director of Vivekananda Parvatiya Krishi Anusandhan Sansthan in Almora
• His pioneering work includes evaluation of over 3500 genetic resources of wheat & development of 15 high-yielding &
rust-resistant wheat varieties
12. The Indian National Space Promotion and Authorization Centre (IN-SPACe) has been
honoured with the GWF Leadership Award for “Public Policy: Enabling Industry
Development” by the Geospatial World Forum (GWF) at the ‘2024 Geospatial World Forum’
in Rotterdam, Netherlands. The award recognizes IN-SPACe’s contributions to the global
geospatial industry through its ground-breaking work in fostering the growth and
development of India’s space sector and support to non-government entities working in the
space economy. {Read more}
Smart Points:
• ‘2024 Geospatial World Forum’ – held in Rotterdam, Netherlands
• IN-SPACe – honoured with the GWF Leadership Award for “Public Policy: Enabling Industry Development”
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13. The 2nd edition of “India, Australia, Indonesia Trilateral Maritime Security
Workshop (TMSW)” was conducted from May 15 to 17 May, at INS
Dronacharya, Kochi, Kerala. The theme of the workshop was “Indian Ocean
Region: Collaborative Efforts to Enhance Regional Maritime Security”, which
was chosen to discuss ongoing maritime security challenges and opportunities
for collaboration between the three maritime neighbours in the region. A visit
to Indian Naval training facilities at Kochi and M/s Cochin Shipyard Limited was
also organised for the delegates from Australian and Indonesian Navies during the workshop. {Read more}
Smart Points:
• 2nd edition of “India, Australia, Indonesia Trilateral Maritime Security Workshop (TMSW)” – at INS Dronacharya, Kochi
• Theme – “Indian Ocean Region: Collaborative Efforts to Enhance Regional Maritime Security”
• Kerala: Capital – Thiruvananthapuram | CM – Pinarayi Vijayan | Governor – Arif Mohammad Khan
14. Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise
under the Ministry of Power, has been conferred the prestigious “ATD BEST Awards 2024” for its
strategic approach to talent development driving business results. The ATD BEST Awards, established by
the Association for Talent Development (ATD), USA, is one of the most esteemed international
recognitions in the field of Learning and Development (L&D). This is the third time POWERGRID has been
honoured with the ATD BEST Award, having previously received it in 2021 and 2023. Moreover, NTPC
Ltd was awarded the 3rd rank in the world for the ‘Talent Development’ category at the ATD BEST Awards
2024. Notably, NTPC is the only PSU to have received this prestigious award 7 times in the past 8 years. {Read more}
Smart Points:
• “ATD BEST Awards 2024”:
• POWERGRID – 1st rank in the field of ‘Learning and Development (L&D)’ | It is 3rd time (previously - 2021 & 2023)
• NTPC – 3rd rank in the field of ‘Talent Development’
• HQs of POWERGRID – Gurgaon, Haryana | MD & Chairman – Ravindra Kumar Tyagi
• HQs of NTPC – New Delhi | CMD – Gurdeep Singh | Founded in – 1975
15. German author Jenny Erpenbeck and translator Michael Hofmann won the “2024 International
Booker Prize” for fiction for “Kairos,” the story of a tangled love affair during the final years of East
Germany’s existence. The book beat five other finalists, chosen from 149 submitted novels, for the
prize, which recognizes fiction from around the world that has been translated into English and
published in the U.K. or Ireland. The 50,000 pounds ($64,000) in prize money is divided between
author and translator. Last year’s winner was another novel about communism and its legacy in
Europe, ‘Time Shelter’ by Bulgarian writer Georgi Gospodinov and translated by Angela Rodel. Ms.
Erpenbeck is the first German winner of the International Booker Prize, and Mr. Hofmann is the first male translator to win
since the prize launched in its current form in 2016. {Read more}
Smart Points:
• “Kairos” novel – won the “2024 International Booker Prize” for fiction
• Author – Jenny Erpenbeck (1st German winner) | Translator – Michael Hofmann (1st male translator)
• The 50,000 pounds ($64,000) in prize money is divided between author and translator
• Last year’s winner – ‘Time Shelter’ by Georgi Gospodinov (Bulgarian writer) & Angela Rodel (translator)
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16. Srinivas R. Kulkarni, an Indian-origin US scientist and brother of philanthropist Sudha Murty, has been
awarded the prestigious “Shaw Prize in Astronomy for 2024” for his groundbreaking discoveries on
millisecond pulsars, gamma-ray bursts, supernovae and other transient astronomical phenomena. Shaw Prize
is a global award presented by Hong Kong-based Shaw Prize Foundation in the fields of astronomy, medicine
and life sciences & mathematical sciences. {Read more}
Smart Points:
• Srinivas R. Kulkarni (Indian-origin US scientist) – awarded with “Shaw Prize in Astronomy for 2024”
• For discoveries on millisecond pulsars, gamma-ray bursts, supernovae & other transient astronomical phenomena
• Presented by – Shaw Prize Foundation (Hong Kong) in astronomy, medicine & life sciences, and mathematical sciences
17. Higher Education Secretary, Sanjay Murthy, and Chairman of the All-India Council
for Technical Education (AICTE), TG Sitharam, launched the nomination portal for the
“National Awards to Teachers (Higher Education) 2024”. The selected awardees will be
felicitated on September 5, the birth anniversary of former President Dr Sarvepalli
Radhakrishnan, which is celebrated as Teachers’ Day across the country. The award is
open to all the faculty members of colleges, universities, higher educational
institutions, polytechnics in India, satisfying these certain conditions: the nominated teacher should be a regular faculty
member; the teacher should have at least 5 years of full-time teaching experience at the undergraduate/postgraduate level
or both; the nominated teacher should not be above 55 years of age as on June 20, which is the last date of receiving
applications; the VCs, Directors & Principals (regular or officiating) are not eligible for the award. {Read more}
Smart Points:
• Sanjay Murthy + TG Sitharam = launched nomination portal for “National Awards to Teachers (Higher Education) 2024”
• The selected awardees will be felicitated on September 5 (Teachers’ Day)
• The award is open to all the faculty members of Colleges, Universities, HEIs, Polytechnics in India
• Criteria:
- Nominated teacher should be a regular faculty member
- Teacher should have at least 5 years of full-time teaching experience at undergraduate/postgraduate level or both
- Nominated teacher should not be above 55 years of age as on June 20, which is the last date of receiving applications
- VCs, Directors & Principals (regular or officiating) are not eligible for the award
18. The United Nations Food and Agriculture Organization of (FAO) has received
the “King Hassan II of Morocco Great World Water Prize” at the 10th World Water
Forum, held in Bali, Indonesia. Based on the theme “Securing water resources
for food sovereignty and shared prosperity,” the award recognizes outstanding
efforts in the protection, preservation, and sustainable management of water
resources. FAO is promoting and implementing integrated water-food solutions
to address the global challenges of food insecurity, water crisis and climate
change through our field work, policy guidance and engagement through the dedicated COPs processes. {Read more}
Smart Points:
• UN FAO – received the “King Hassan II of Morocco Great World Water Prize” at the 10th World Water Forum, in Bali
• The award is based on the theme “Securing Water Resources for Food Sovereignty and Shared Prosperity”
• HQs of FAO – Rome, Italy | DG – QU Dongyu | Founded in – 1945
https:// /#
19. Oxford Bookstores named Bhavi Mehta as the winner of the 9th edition of “Oxford
Bookstore Book Cover Prize 2024”. The event was held at the India Habitat Centre, New
Delhi, and celebrated Mehta’s work on “The Book Beautiful” by Pradeep Sebastian,
published by Hachette India. Mehta received a trophy, certificate, and a cash prize of Rs
1 lakh. Three other designers were also recognised for their exceptional work, namely:
Gunjan Ahlawat for ‘The Penguin Book of Indian Poets’, Saurav Das for ‘Azad Nagar’, and
Saurabh Garge for ‘The Adornment of Gods’. {Read more}
Smart Points:
• Bhavi Mehta – won 9th edition of “Oxford Bookstore Book Cover Prize 2024” at India Habitat Centre, New Delhi
• He won for his work on “The Book Beautiful” by Pradeep Sebastian | Published by - Hachette India
• He received a trophy, certificate & a cash prize of Rs 1 lakh
• Other designers recognised for their exceptional work:
- Gunjan Ahlawat for ‘The Penguin Book of Indian Poets’
- Saurav Das for ‘Azad Nagar’
- Saurabh Garge for ‘The Adornment of Gods’
20. Indian filmmaker Payal Kapadia made history by clinching India’s first Grand Prix Award for the
Malayalam-Hindi language film ‘All We Imagine As Light’ at the 77th Cannes Film Festival. The Cannes
Grand Prix is the second-highest accolade at the festival after the Palme d’Or. American director Sean
Baker took home the top-most honour for ‘Anora’. Kapadia became the first female director in India
and the first Indian film in 30 years to compete in the festival’s main competition. At the 77th Cannes
Film Festival, a student of Film and Television Institute of India (FTII), Chidananda S Naik’s “Sunflowers Were the First Ones
to Know” won the first prize of ‘La Cinef’ for best short. The first prize for Chidananda is India’s second in 5 years. Ashmita
Guha Neogi, also from FTII, won the award for her film CatDog in 2020. This is the first time, a film by a student from 1-year
Television course of FTII, has been selected and won at the prestigious Cannes Film Festival. {Read more}
Smart Points:
• Payal Kapadia – clinched India’s first Grand Prix Award at 77th Cannes Film Festival
- For Malayalam-Hindi language film ‘All We Imagine As Light’
• Payal Kapadia – became the first female director in India & the first Indian film in 30 years to compete
• Chidananda S Naik (India) – won 1st prize of ‘La Cinef’ for best short for “Sunflowers Were the First Ones to Know”
• American director Sean Baker – received the top-most honour for ‘Anora’ at 77th Cannes Film Festival
• Cannes Grand Prix – is the 2nd highest accolade after Palme d’Or
21. Thiruvananthapuram International Airport has received the ‘Zero Waste to Landfill
(ZWL)’ accolade by the Confederation of Indian Industry (CII-ITC) Centre of Excellence
for Sustainable Development. It is the first airport in India to receive this ‘prestigious
recognition’. Thiruvananthapuram Airport has implemented the best waste
management practices and achieved a 99.50% waste diversion from landfill. The
airport has successfully diverted 100% of plastic waste and 100% of MSW waste (wet
and dry). The airport achieved recognition by integrating a robust value chain system and adopting the 5R principles of
reduce, reuse, reprocess, recycle and recover of Sustainable Waste Management. {Read more}
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Smart Points:
• Thiruvananthapuram Int. Airport – 1st airport in India to receive ‘Zero Waste to Landfill (ZWL)’ accolade by CII-ITC
• 99.50% waste diversion from landfill | 100% plastic waste diversion | 100% of MSW waste diversion
22. The United Nations Development Programme (UNDP) and ILGA World have collaborated
to introduce the “International Pride Awards” to acknowledge and celebrate the exceptional
contributions of individuals advocating for lesbian, gay, bisexual, transgender, intersex, and
queer (LGBTIQ+) equality on a global scale. Millions of LGBTIQ+ individuals face various forms
of prejudice, marginalization, and violence solely based on their identity. In 62 countries,
consensual same-sex sexual acts between adults are still criminalized, with severe penalties,
including the death penalty, imposed in some cases. The awards for 2024 will include categories such as Movement Building
in the Face of Hostility, Celebrating Diverse Lives, Emerging Leader, Lifelong Pursuit of Equality, and Extraordinary Ally. The
winners of this year’s awards will be announced at a special event on November 13, 2024, in Cape Town, South Africa, as
part of the 31st ILGA World Conference. {Read more}
Smart Points:
• UNDP + ILGA World = collaborated to introduce the “International Pride Awards”
• Aim: To acknowledge and celebrate the exceptional contributions of individuals advocating LGBTIQ+ equality
• The winners of 2024 awards will be announced at a special event on November 13, 2024, in Cape Town, South Africa
• In 62 countries, consensual same-sex sexual acts between adults are still criminalized
23. NHPC Ltd, India’s premier hydropower company, has been conferred with the
prestigious “The Economic Times HR World Future Ready Organization Award 2024-25”. The
award has been given to NHPC in recognition of its preparedness in the areas of upskilling
of employees, Environmental, Social and Governance (ESG) interventions, Diversity, Equity
& Inclusion (DE&I) initiatives, constant technological upgradations, employee engagement
processes, robust Corporate Governance strategies, etc. {Read more}
Smart Points:
• NHPC Ltd – conferred with the prestigious “The Economic Times HR World Future Ready Organization Award 2024-25”
• HQs of NHPC – Faridabad, Haryana | MD & Chairman – Rajendra Prasad Goyal
24. Arti, an 18-year-old rickshaw driver from a village in Bahraich district of Uttar
Pradesh, has received the “Amal Clooney Women’s Empowerment Award” at the
Prince’s Trust Awards in London, followed by a meeting with King Charles III at
Buckingham Palace. She was honoured for inspiring other young girls through her work
with the government’s Pink E-rickshaw initiative, which provides safe transport for
other women. The scheme aims to increase employment opportunities for vulnerable
women, especially widows and single mothers like Arti. In July 2023, Project Lehar,
delivered in partnership with Prince’s Trust International and the Aga Khan Foundation (AKF), introduced Arti to the Indian
government’s Pink E-Rickshaw scheme. The award is named after the world-renowned human rights barrister, Amal
Alamuddin Clooney. {Read more}
Smart Points:
• Arti (UP) – received the “Amal Clooney Women’s Empowerment Award” at the Prince’s Trust Awards in London, UK
https:// /#
• Honoured for inspiring other young girls through her work with the government’s ‘Pink E-rickshaw’ initiative
• ‘Project Lehar’ is run by = AKF + Prince’s Trust International
25. Indian actress Anasuya Sengupta, one of the lead stars of Bulgarian director Konstantin Bojanov’s
Hindi-language movie ‘The Shameless’, has created history by winning the Best Actress award in the ‘Un
Certain Regard’ category at the 2024 Cannes Film Festival. Sengupta, who hails from Kolkata, is the first
Indian artiste to win the category’s top acting honour, marking a significant milestone for India at the
prestigious film gala. British-Indian filmmaker Sandhya Suri’s ‘Santosh’ was also part of the Un Certain
Regard but didn’t win any award. Indian cinematographer and film director, Santosh Sivan, became the
first Asian to be awarded the prestigious Pierre Angénieux Tribute award at the 2024 Cannes Film Festival. Besides, Maisam
Ali’s film “In Retreat” was screened at the ACID Cannes sidebar programme. For the first time, an Indian film was screened
in the section run by the Association for the Diffusion of Independent Cinema. {Read more}
Smart Points:
• Anasuya Sengupta – 1st India to win Best Actress award in ‘Un Certain Regard’ category at 2024 Cannes Film Festival
• Santosh Sivan – became 1st Asian to win ‘Pierre Angénieux Tribute Award’ at 2024 Cannes Film Festival
• Maisam Ali’s film “In Retreat” – screened at the ACID Cannes sidebar programme (1st such Indian film)
26. India became the only country to receive two honours, with the Indian Embassy in Abu
Dhabi and the Consulate General of India in Dubai both awarded the prestigious Shield of
Honour at the 5th Minister of Foreign Affairs Excellence Awards ceremony held in Abu Dhabi,
UAE. India’s diplomatic missions in the UAE were recognized for their outstanding work in the
“Distinguished Accredited Missions in UAE” category by Sheikh Abdullah bin Zayed. The awards
were received by the Indian Ambassador to the UAE Sunjay Sudhir and Consul General at CGI
Dubai Satish Kumar Sivan. {Read more}
Smart Points:
• 5th Minister of Foreign Affairs Excellence Awards ceremony – held in Abu Dhabi, UAE
• India became the only country to receive two Shield of Honours:
- Indian Embassy in Abu Dhabi
- Consulate General of India in Dubai
• India is recognized for its work in “Distinguished Accredited Missions in UAE” category by Sheikh Abdullah bin Zayed
• Awards received by – Sunjay Sudhir (Indian Ambassador to UAE) & Satish Kumar Sivan (Consul General at CGI Dubai)
27. Power Finance Corporation Ltd (PFC) has been honoured with the “CSR
Champion - Non-Fossil Fuel Business Award” at ‘Outlook Planet Sustainability
Summit & Awards 2024’, held in Goa. PFC’s win in the CSR NF category is a
testament to its unwavering commitment to social responsibility and
sustainable business practices. REC Limited has been honoured with the
“Sustainability Champion - Editor’s Choice Award” at the Outlook Planet
Sustainability Summit & Awards 2024. This award recognizes REC’s commitment to sustainability initiatives and its efforts in
driving progress towards a greener future. The Award ceremony was organised by Outlook Group, in collaboration with IIT
Goa. {Read more}
https:// /#
Smart Points:
• ‘Outlook Planet Sustainability Summit & Awards 2024’ in Goa – organised by Outlook Group & IIT Goa
• PFC – honoured with “CSR Champion - Non-Fossil Fuel Business Award”
• REC Limited – honoured with “Sustainability Champion - Editor’s Choice Award”
• HQs of PFC Ltd – New Delhi | CMD – Parminder Chopra
28. Major Radhika Sen, an Indian woman peacekeeper who served with the UN Organisation Stabilisation
Mission in the Democratic Republic of the Congo (MONUSCO), has received the “2023 United Nations
Military Gender Advocate of the Year Award” from UN Secretary General Antonio Guterres who also
described her as a ‘true leader and role model’. Major Sen facilitated English classes for children, and
health, gender and vocational training for displaced and marginalised adults. Major Sen is the second
Indian peacekeeper to receive this award after Major Suman Gawani, who had served with the UN
Mission in South Sudan (UNMISS) and was honoured in 2019. Created in 2016, the UN award recognises the dedication and
efforts of an individual military peacekeeper in promoting the principles of UN Security Council Resolution 1325 on Women,
Peace and Security. India is currently the 11th largest contributor of women military peacekeepers to the United Nations
with 124 now deployed. {Read more}
Smart Points:
• Major Radhika Sen – received “2023 United Nations Military Gender Advocate of the Year Award”
• She served with UN Organisation Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO)
• She facilitated English classes for children & health, gender & vocational training for displaced & marginalised adults
• She is 2nd Indian peacekeeper to receive this award | 1st – Major Suman Gawani in 2019
• Currently, India is the 11th largest contributor of women military peacekeepers to UN with 124 now deployed
29. Rajahmundry Central Prison has won the “Biodiversity Conservation Award 2024”, constituted by the Andhra Pradesh
State Biodiversity Board (APSBB), for its eco-friendly practices on the prison campus. The APSBB declared this award for eco-
friendly practices, groundwater conservation, natural farming methods and production of various crafts with natural
resources. The award was presented during the International Day for Biological Diversity, celebrated in Visakhapatnam on
May 22. {Read more}
Smart Points:
• Rajahmundry Central Prison – won “Biodiversity Conservation Award 2024” for eco-friendly acts on prison campus
• The award is constituted by – Andhra Pradesh State Biodiversity Board (APSBB)
• May 22 – International Day for Biological Diversity
• Andhra Pradesh: Capital – Amaravati | CM – Y. S. Jaganmohan Reddy | Governor – Syed Abdul Nazeer
30. Columbia University has announced the “2024 Pulitzer Prize” winners, honoring excellence in journalism, literature,
drama, and music. This year, 24 prizes were given. Since its inception in 1917, the Pulitzer Prizes have been a hallmark of
distinction, annually celebrating exceptional accomplishments in these domains. The 108th Pulitzer Prizes highlighted
American achievements. The Pulitzer Board acknowledged the bravery of student journalists covering these protests
concerning the Gaza War. All the winners are mentioned below category-wise. {Read more}
https:// /#
Smart Points:
• “2024 Pulitzer Prize” winners – announced by Columbia University | Initiated in – 1917
• It is given in following fields: journalism, literature, drama & music
• Journalism:
Category Winner
Public Service ProPublica, New York
Breaking News Reporting Staff of Lookout Santa Cruz, California
Investigative Reporting Hannah Dreier of The New York Times
Explanatory Reporting Sarah Stillman of The New Yorker
Local Reporting Sarah Conway of City Bureau and Trina Reynolds-Tyler of the Invisible Institute
National Reporting Staff of Reuters
International Reporting Staff of The New York Times
Feature Writing Katie Engelhart (writer at The New York Times)
Commentary Vladimir Kara-Murza (contributor at The Washington Post)
Criticism Justin Chang of the Los Angeles Times
Editorial Writing David E. Hoffman of The Washington Post
Illustrated Reporting Medar de la Cruz (contributor at The New Yorker)
Breaking News Photography Photography Staff of Reuters
Feature Photography Photography Staff of Associated Press
• Books, Drama and Music:

Category Winner
Fiction “Night Watch” by Jayne Anne Phillips (Knopf)
Drama “Primary Trust” by Eboni Booth
History “No Right to an Honest Living” by Jacqueline Jones (Basic Books)
Biography “King: A Life” by Jonathan Eig (Farrar, Straus and Giroux)
Memoir/Autobiography “Liliana’s Invincible Summer” by Cristina Rivera Garza (Hogarth)
Poetry “Tripas: Poems” by Brandon Som (Georgia Review Books)
General Nonfiction “A Day in the Life of Abed Salama” by Nathan Thrall (Metropolitan Books)
Music “Adagio (For Wadada Leo Smith)” by Tyshawn Sorey
https:// /#
31. The Kempegowda International Airport (KIA) has bagged the silver award in the
“Airports Council International (ACI) Asia-Pacific & Middle East Green Airports Recognition
(GAR) 2024”. The KIA bagged the silver award in the category of airports handling between
15 million and 35 million passengers a year. The ACI has recognised 12 airports in Asia-
Pacific and the Middle East for their outstanding accomplishments in sustainability
projects. The other Indian airports to win the GAR 2024 are New Delhi’s Indira Gandhi
International Airport (silver) in airports handling over 35 million passengers a year category and Lucknow’s Chaudhary
Charan Singh International Airport (silver) in airports handling less than 8 million passengers a year category. The theme for
the Green Airports Recognition 2024 is “Biodiversity and Nature-based Solutions”. The recognised airports have been
awarded in 3 categories - platinum, gold, and silver - based on various airport size categories and set criteria. The airports
are bracketed into 4 categories: over 35 million passengers a year, between 15 million and 35 million passengers, between
8 million and 15 million passengers, and less than 8 million passengers a year. {Read more}
Smart Points:
• “Airports Council International (ACI) Asia-Pacific & Middle East Green Airports Recognition (GAR) 2024”
• Theme for Green Airports Recognition 2024 - “Biodiversity and Nature-based Solutions”
• Awards given to Indian airports:
- ‘Between 15-35 million passengers a year’ category – Kempegowda International Airport (silver)
- ‘Over 35 million passengers a year’ category – Indira Gandhi International Airport (silver)
- ‘Less than 8 million passengers a year’ category – Chaudhary Charan Singh International Airport (silver)
• HQs of ACI – Montreal, Canada | DG – Luis Felipe de Oliveira
https:// /#
Schemes & Initiatives
1. India has launched the “World Castor Sustainability Forum (WCSF)”. This initiative aims to provide a
sustainable and traceable supply chain of castor while improving economic, social, and environmental
performance. This initiative is poised to enhance economic self-sufficiency and the livelihoods of
smallholder producers. To promote the cultivation of sustainable castorseed, nearly 30 Farmer
Producer Organizations (FPO) agreed to collaborate with WCSF. This collaboration represents
approximately 25,000 farmers joining the movement in its inaugural year. India produces about 20 lakh
tonnes of castorseed per annum, meeting over 90% of the global demand for castor oil. India’s export
of castor oil and derivatives are estimated above Rs 12,000 crore ($1.5 billion) per annum. {Read more}
Smart Points:
• India – launched the “World Castor Sustainability Forum (WCSF)”
• Aim: To provide a sustainable & traceable supply chain of castor, while improving Economic, Social & Env. Performance
• Nearly 30 Farmer Producer Organizations (FPO) agreed to collaborate with WCSF
• India produces about 20 lakh tonnes of castorseed per annum, meeting over 90% of the global demand for castor oil
• India’s export of castor oil & derivatives are estimated above Rs 12,000 Cr ($1.5 billion) per annum
2. Kerala government has decided to become part of the Centre’s “Scheme for Modernisation and Reforms through
Technology in Public Distribution System (SMART-PDS)”. The SMART-PDS initiative is envisaged to prevent food grain leakage
and increase the efficiency of the distribution chain. The technology-based initiative aims at bringing the food distribution
network of all States under a single platform. It will also integrate related operations of agencies, including Food Corporation
of India (FCI) and Central Warehousing Corporation (CWC). The platform will enable authorities to monitor food grain
movement at various levels, from procurement to distribution, on a real-time basis. Ministry of Consumer Affairs, Food and
Public Distribution had estimated a project cost of Rs 349.9 crore for the period from 2023-2026. The Union and State
governments will bear the cost of the scheme in the ratio of 60:40. {Read more}
Smart Points:
• Kerala – to become part of the Centre’s “Scheme for Modernisation and Reforms through Technology in Public
Distribution System (SMART-PDS)”
• ‘SMART-PDS’ is envisaged to prevent food grain leakage and increase the efficiency of the distribution chain
• Estimated outlay of the scheme for the period from 2023-2026 – Rs 349.9 crore
• The cost of the scheme will be born by the Central & State Govt in the ratio of – 60:40
• Kerala: Capital – Thiruvananthapuram | CM – Pinarayi Vijayan | Governor – Arif Mohammad Khan
3. Manipur government has launched the “School on Wheels” initiative

aiming to impart education to students sheltered in relief camps in the state,
following the year long ethnic strife in the state. The state government has
closed schools and colleges following the severe hailstorm recently. Under
this the school bus, equipped with a library, computers, and sports items,
would visit different camps accompanied by a teacher. The initiative, being
implemented by Vidya Bharati’s Shiksha Vikash Samiti, would reach out to
students staying in the relief camps and impart them with required teaching. {Read more}
https:// /#
Smart Points:
• Manipur – launched “School on Wheels” initiative (Implementing Body - Vidya Bharati’s Shiksha Vikash Samiti)
• Aim: To impart education to students sheltered in relief camps in the state, following the year long ethnic strife
• Manipur: Capital – Imphal | CM – N. Biren Singh | Governor – Sushri Anusuiya Uikye
4. EaseMyTrip.com, in collaboration with the Small Industries Development Bank of India (SIDBI) and the Uttarakhand
Tourism Development Board (UTDB), has launched a “Homestay Entrepreneurship Training Programme”. This initiative aims
to empower homestay owners along the sacred Chardham Yatra route, enhancing their hospitality skills and promoting eco-
friendly practices. The program targets 150 homestay owners, providing them with essential training in hospitality
management and sustainable practices. {Read more}
Smart Points:
• EaseMyTrip.com + SIDBI + UTDB = launched a “Homestay Entrepreneurship Training Programme”
• Aim: To empower homestay owners along Chardham Yatra route, enhancing their hospitality skills & promoting eco-
friendly practices
• It targets 150 homestay owners, providing them with training in hospitality management & sustainable practices
• HQs of EaseMyTrip – New Delhi | Co-Founder & CEO – Nishant Pitti
• HQs of SIDBI – Lucknow, UP | MD & Chairman – Sivasubramanian Ramann | Established in – 1990
• Uttarakhand: Capital – Dehradun & Gairsain | CM – Pushkar Singh Dhami | Governor – Lt. Gen. Gurmit Singh
https:// /#
Meetings, Conferences and Summits
1. The 26th edition of the World Energy Congress was held in Rotterdam, the Netherlands,
under the theme of “Redesigning Energy for People and Planet”. Co-hosted by the World
Energy Council and the Netherlands Ministry of Economic Affairs and Climate Policy, the
congress convened more than 7,000 international energy stakeholders, including 200 C-
suite speakers and 70 ministers, to enable the highest levels of government-to-
government dialogue that can drive the global energy transition agenda. On the sidelines of the event, the UAE National
Committee for the World Energy Council was awarded the “Driving Impact and Amplification” recognition for its exceptional
efforts and positive impact on the energy landscape. {Read more}
Smart Points:
• 26th edition “World Energy Congress” – held in Rotterdam, the Netherlands
• The event was co-hosted by = World Energy Council + Netherlands Ministry of Economic Affairs & Climate Policy
• Theme: “Redesigning Energy for People and Planet”
• UAE National Committee for the World Energy Council – was awarded “Driving Impact and Amplification” recognition
2. Ministry of Ports, Shipping, and Waterways (MoPSW), along with Cochin Shipyard Limited (CSL) and Inland Waterways
Authority of India (IWAI) organized a two-day conference on “Challenges and Prospective Solutions in Inland Waterways
and Shipbuilding” in Kochi, Kerala, bringing together various state departments, industry experts and stakeholders to delve
into pressing issues within the maritime sector. The conference, which featured 4 insightful sessions, focused on the
imperative of decarbonizing the maritime industry and addressed critical challenges in inland water transport and
shipbuilding. Varanasi has been selected as the pilot location for immediate deployment on NW-1. {Read more}
Smart Points:
• MoPSW + CSL + IWAI = organized conference on “Challenges and Prospective Solutions in Inland Waterways and
Shipbuilding” in Kochi, Kerala
• Varanasi – selected as pilot location for immediate deployment on NW-1
• Minister of Ports, Shipping & Waterways: Sarbananda Sonowal | Constituency – Majuli, Assam
MoS in Ministry of Ports, Shipping & Waterways: Shripad Yesso Naik & Shantanu Thakur
• HQs of Cochin Shipyard – Kochi, Kerala | Chairman & MD – Madhu S. Nair | Incorporated in – 1972
• HQs of IWAI – Noida, Uttar Pradesh | Chairman – Sanjay Bandopadhyay
3. The Annual Meeting of the Defence Ministers of the Shanghai Cooperation

Organisation (SCO) was held in Astana, Kazakhstan from April 25-26, 2024. Defence
Secretary Giridhar Aramane represented India in this meeting. At the meeting,
Giridhar Aramane reaffirmed India’s unwavering dedication to preserving peace,
stability, and security within the SCO region. He also highlighted the concept of
“Security and Growth for All in the Region (SAGAR)”, proposed by India for the
Indo-Pacific. In this joint communique, it was agreed to develop the idea of “One
Earth, One Family, One Future”. Currently there are 9 member countries in SCO -
India, China, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Uzbekistan, Tajikistan. Kazakhstan has the current Chairmanship
of the SCO from July 2023 until July 2024. {Read more}
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Smart Points:
• Annual Meeting of Defence Ministers of SCO – held in Astana, Kazakhstan
• India was represented by – Defence Secretary Giridhar Aramane
• HQs of SCO – Beijing, China | SG – Zhang Ming | Present Member Countries – 9 | Current Presidency – Kazakhstan
4 Observer States of SCO – Iran, Belarus, Afghanistan & Mongolia
6 Dialogue Partners of SCO – Armenia, Azerbaijan, Cambodia, Nepal, Sri Lanka & Turkey
4. Ministry of Earth Sciences (MoES), Government of India, through the National Centre for Polar
and Ocean Research (NCPOR), will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46)
and the 26th Meeting of the Committee for Environmental Protection (CEP 26) from May 20 to 30,
2024, in Kochi, Kerala. This is in line with India’s poise to facilitate constructive global dialogue on
environmental stewardship, scientific collaboration, and cooperation in Antarctica. The Antarctic
Treaty, signed in 1959 and entered into force in 1961, established Antarctica as a region dedicated
to peaceful purposes, scientific cooperation, and environmental protection. At present, 56 countries have signed the
Antarctic Treaty. India has been a Consultative Party to the Antarctic Treaty since 1983. India’s first Antarctic research
station, Dakshin Gangotri, was established in 1983. At present, India operates 2 research stations: Maitri (1989) and Bharati
(2012). {Read more}
Smart Points:
• 46th Antarctic Treaty Consultative Meeting & 26th Meeting of the Committee for Environmental Protection – to be
hosted by India (MoES will host through NCPOR)
• NCPOR – National Centre for Polar and Ocean Research | It will be hosted in Kochi, Kerala (in May 2024)
• Antarctic Treaty – signed in 1959 & entered into force in 1961 & has 56 signatory countries
• India – has been a Consultative Party to Antarctic Treaty since 1983
• ‘Dakshin Gangotri’, India’s first Antarctic research station – established in 1983
• Currently, India operates 2 research stations: Maitri (1989) & Bharati (2012)
5. The government of India has selected 3 elected women representatives Neeru Yadav, Supriya Das Datta, and Kunuku
Hema Kumari, to represent India at the United Nations’ “Localising the SDGs: Women in Local Governance in India Lead the
Way” event. Vivek Bharadwaj, Secretary of the Ministry of Panchayati Raj, Government of India, is leading the Indian
delegation. The event at UN Headquarters in New York is being organised by the Union Ministry of Panchayati Raj, the
Permanent Mission of India to the United Nations, along with the United Nations Population Fund (UNFPA). The Indian-
organised event was held on the sidelines of the 57th Session of the Commission on Population and Development (CPD57)
in New York. {Read more}
Smart Points:
• Neeru Yadav, Supriya Das Datta & Kunuku Hema – selected to represent India at UN’s “Localising the SDGs: Women
in Local Governance in India Lead the Way” event in New York, US
• Indian delegation is led by – Vivek Bharadwaj (Secretary of Ministry of Panchayati Raj)
• Event was organized by – Ministry of Panchayati Raj + UNFPA
• This event was held on sidelines of 57th ‘Session of the Commission on Population & Development’ in New York
https:// /#
6. Dennis Francis, President of the 78th Session of the UN General Assembly (UNGA),
addressed the first conference at the United Nations on “Citizen Stack: Digital Public
Infrastructure (DPI), Transformative Technology for Citizens” organised in New York by
the Permanent Mission of India to the UN and Ministry of Electronics and Information
Technology in collaboration with iSPIRT (Indian Software Product Industry
Roundtable). DPI is set up in India as a Public-Private-Partnership policy that has
become a benchmark for multiple nations, corporations & start-ups across the world.
India Stack has created a nation of 1.4 billion digitally and financially included citizens,
an increase of bank penetration from 7% to 80% in just 7 years (which typically takes
47 years to achieve) leading to over 60% of all digital transactions globally. India Stack
is a collection of open APIs and digital public goods that aim to facilitate identity, data & payment services on a massive
scale. The 4 major layers of India Stack are - Consent Layer (an open personal data store, owned by RBI), Cashless Layer
(includes IMPS, AEPS, APB, UPI, and owned by NPCI), Paperless Layer (includes e-Sign, e-KYC, Digital Locker, and owned by
MeitY) & Presence-less Layer (includes Mobile Aadhaar & Aadhaar card). {Read more}
Smart Points:
• Dennis Francis (President of 78th Session of UNGA) – organised “Citizen Stack: DPI, Transformative Technology for
Citizens” in New York
- Organised by = PMI to UN + MeitY + iSPIRT
• iSPIRT – Indian Software Product Industry Roundtable | DPI – set up in India as a Public-Private-Partnership policy
• India Stack – created 1.4 billion digitally & financially included citizens
- an increase of bank penetration from 7% to 80% in 7 years
- it is leading to over 60% of all digital transactions globally
• 4 major layers of India Stack are:
- Consent Layer: Owned by RBI & includes an open personal data store
- Cashless Layer: Owned by NPCI & includes various digital payment services like IMPS, AEPS, APB & UPI
- Paperless Layer: Owned by MeitY & includes services like e-Sign, e-KYC & Digital Locker
- Presence-less Layer: It includes Mobile Aadhaar & Aadhaar card
• HQs of UN – New York, US | Secretary-General – Antonio Guterres | Established in – October 24, 1945
• Minister of Electronics & Information Technology: Ashwini Vaishnaw | Constituency – Odisha
7. India’s flagship biennial motor show, “Auto Expo”, will be organized by the Society of Indian Automobile Manufactutrers
(SIAM) under the ‘Bharat Mobility’ umbrella in New Delhi’s Pragati Maidan in 2025. It is being organised in the national
capital 10 years after the exhibition was moved to Greater Noida, Uttar Pradesh, in 2014. Under the Bharat Mobility
umbrella, SIAM will organize the customer-focused motor show, which is typically a ticketed event attracting retail footfall
at Bharat Mandapam in Pragati Maidan, while the “Global Components Expo” will be organized by Automotive Component
Manufacturers Association (ACMA) at Yashobhoomi in Dwarka. The three-event show will be rounded off by a “Construction
Equipment Expo” in Greater Noida, which will likely be organized by the Indian Construction Equipment Manufacturers
Association (ICEMA). {Read more}
Smart Points:
• In 2025, Under the ‘Bharat Mobility’ umbrella:
• “Auto Expo”, India’s flagship biennial motor show – to be organized by SIAM in Pragati Maidan, New Delhi
https:// /#
• “Global Components Expo” – to be organized by ACMA at Yashobhoomi in Dwarka
• “Construction Equipment Expo” – to be organized by ICEMA in Greater Noida
8. “The Retail Summit (TRS) 2024”, a leading global event focused on the future of retail, was recently
held in Dubai, UAE. The Federation of Indian Chambers of Commerce & Industry (FICCI) was an
Industry partner of ‘The Retail Summit 2024’. This year’s TRS delved into areas including Artificial
Intelligence, Brick & Mortar stores, Data, Digital transformation, Macroeconomics, Supply Chain
management, Sustainability & Ethics, and Talent acquisition. The two-day event was organized in
partnership with Dubai Chambers. It is the only event in the world that discusses the convergence of retail with technology,
experience, and hospitality, with over 900 attendees from 30+ countries. {Read more}
Smart Points:
• “The Retail Summit (TRS) 2024” – held in Dubai, UAE | Industry Partner – FICCI
• Organized in partnership with – Dubai Chambers
• UAE – Abu Dhabi – Dirham | President – Khalifa bin Zayed Al Nahya
• HQs of FICCI – Delhi | DG – Arun Chawla | President – Subhrakant Panda | SG – Shailesh Pathak | Founded – 1927
9. Dr Arunish Chawla, Secretary at Department of Pharmaceuticals, under

Ministry of Chemicals and Fertilizers, has launched the “MEDITECH
STACKATHON 2024” in collaboration with Confederation of Indian Industry (CII)
in New Delhi. The STACKATHON aims to address critical challenges, foster
domestic manufacturing, and reduce import dependence, thereby positioning
India as a global leader in medical technology. Addressing the gathering, Dr
Arunish Chawla said that India’s MedTech industry holds immense potential,
with projections estimating a growth rate of 28% annually, reaching a size of $50 billion by 2030. Currently, India is the 4 th
largest market for medical devices in Asia and among the top 20 globally. Net medical imports for 2022-23 stands at $4,101
million with import coverage ratio of 0.45. The STACKATHON deliberated in 8 focused groups namely Cancer Therapy,
Imaging, Critical Care, Assistive Medical Devices, Body Implants, Surgical instruments and Hospital Equipment, Consumables
& Disposables, and IVD Instruments and reagents. {Read more}
Smart Points:
• Dept. of Pharmaceuticals + CII = launched the “MEDITECH STACKATHON 2024” in New Delhi
• Aim: To address critical challenges, foster domestic manufacturing & reduce import dependence
• India’s MedTech industry is estimated to reach the size of – $50 billion by 2030 (with a growth rate of 28% annually)
• Currently, India is the 4th largest market for medical devices in Asia & among the Top 20 globally
• Net medical imports for 2022-23 stands at $4,101 million with import coverage ratio of 0.45
• Minister of Chemicals & Fertilizers: Mansukh L. Mandaviya | Constituency – Palitana, Gujarat
MoS in Ministry of Chemicals & Fertilizers: Bhagwanth Khuba
• HQs of CII – New Delhi | President – R. Dinesh | VP – Rajiv Memani | DG – Chandrajit Banerjee
https:// /#
10. Central Bureau of Investigation (CBI) Director Praveen Sood led the 3-member
Indian delegation at the 19th “Interpol Conference of Heads of National Central
Bureaux” at Lyon, France. Mr Sood highlighted the challenges posed by the nexus
between organised crime, terrorism and extremist ideologies. The event was
attended by the national central bureaux of 136 countries, represented by senior
police officials. The National Central Bureau (NCB) in each country is the nodal
organisation responsible for coordination with Interpol. In India, the CBI is the
designated NCB. The aim of the event was to strengthen the operational
cooperation among the NCBs of Interpol to combat transnational crimes. {Read more}
Smart Points:
• Praveen Sood – led Indian delegation at 19th “Interpol Conference of Heads of National Central Bureaux” at Lyon, France
• Conference’s aim: To strengthen operational cooperation among the NCBs of Interpol to combat transnational crimes
• NCB in each country is Nodal organisation responsible for coordination with Interpol | Designated NCB in India – CBI
• HQs of Interpol – Lyon, France | President – Ahmed Naser Al-Raisi | Founded on – Sep 7, 1923
• HQs of CBI – New Delhi | DG – Praveen Sood | Motto – “Industry, Impartiality, Integrity”
11. Ministry of Tourism participated in the “IMEX 2024” held in Frankfurt,

Germany, from May 14-16, 2024. The Ministry of Tourism aims to showcase the
strengths of India as a leading MICE destination to the global market. IMEX is a hub
for the global events industry, which offers a valuable and lucrative opportunity for
professionals to enhance businesses, foster genuine connections, and gain
invaluable insights. Ministry has identified MICE (Meetings, Incentives,
Conferences and Exhibitions) as a niche sector to address the issue of seasonality
and showcase India as a 365-days destination. In line with this effort, Ministry has
introduced ‘Meet in India’ as a specialized sub-brand within the ‘Incredible India’ campaign. {Read more}
Smart Points:
• MoT – participated in “IMEX 2024” held in Frankfurt, Germany
• Aim: To showcase the strengths of India as a leading MICE destination to the global market
• MoT identified MICE as a niche sector to address issue of seasonality & showcase India as a 365-days destination
• MICE – Meetings, Incentives, Conferences and Exhibitions
• MoT introduced ‘Meet in India,’ a specialized sub-brand within the ‘Incredible India’ campaign
• Minister of Tourism: G. Kishan Reddy | Constituency – Secunderabad, Telangana
MoS in Ministry of Tourism: Shripad Yesso Naik & Ajay Bhatt
https:// /#
12. For the first time, India has set up its pavilion, at the “World Hydrogen
Summit 2024”, held in Rotterdam, Netherlands, during May 13-15. The India
Pavilion, set up by the Ministry of New and Renewable Energy, was one of the
largest pavilions at the Summit. Around 15,000 delegates from around the
world attended the Summit which is a prestigious event in the global green
hydrogen ecosystem. India launched its National Green Hydrogen Mission in
January 2023 with an overall outlay of Rs 19,744 crores. India has set an
ambitious target to achieve a green hydrogen production capacity of 5 million
tonnes by the end of the year 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45%. Finally,
India commits to net-zero emissions by 2070. About 44% of India’s energy requirements at present come from non-fossil
sources and are likely to touch as high as 65% by 2030. {Read more}
Smart Points:
• “World Hydrogen Summit 2024” – held in Rotterdam, Netherlands
• India – for the first time, set up its pavilion at this Summit by MNRE
• India – launched its ‘National Green Hydrogen Mission’ in Jan 2023 | Financial outlay – Rs 19,744 Cr
• India – set target to achieve a Green Hydrogen production capacity of 5 million tonnes by the end of 2030
• India aims to reduce emissions intensity of GDP by 45% | India commits to net-zero emissions by 2070
• India’s energy requirements: at present, 44% come from non-fossil sources & is likely to reach 65% by 2030
• Minister of Power and Ministry New & Renewable Energy: Raj Kumar Singh | Constituency – Arrah, Bihar
• MoS in Ministry of Power: Krishan Pal Gurjar
13. The 1st “Summit on Clean Cooking in Africa” was held in Paris, France. With
more than 1,000 delegates from nearly 60 countries, this gathering aimed to
address the critical health and climate impacts associated with traditional
cooking methods prevalent in Africa. Over a billion people in Africa currently rely
on fuels like charcoal and wood for cooking. Clean cooking has almost been
achieved in China, India and Latin America, but remains a universal failure in
Africa. The World Health Organization (WHO) explained that every year, 3.2
million people die from household air pollution generated by dirty fuels and
stoves for cooking. The global health cost is estimated at $1.4 trillion annually, with over half of ($700 billion annually) being
in Africa. Access to clean cooking will save at least 200 million hectares of forests globally, by 2030, with 110 million being
in Africa. {Read more}
Smart Points:
• 1st “Summit on Clean Cooking in Africa” – held in Paris, France
• Aim: To address critical health & climate impacts associated with traditional cooking methods prevalent in Africa
• Clean cooking – is almost achieved in China, India & Latin America
• WHO: Every year, 3.2 mn people die from household air pollution generated by dirty fuels & stoves for cooking
• Global health cost – estimated at $1.4 trillion annually ($700 billion annually in Africa)
• Access to clean cooking will save at least 200 million hectares of forests globally, by 2030 (110 million in Africa)
https:// /#
14. India is set to play a pivotal role in facilitating the first-ever focused discussions on regulating tourism in Antarctica at
the 46th Antarctic Treaty Consultative Meeting (ATCM) and 26th Meeting of the Committee for Environmental Protection
(CEP). Goa-based National Centre for Polar and Ocean Research (NCPOR), under Ministry of Earth Sciences, and the Antarctic
Treaty Secretariat will organize these meetings in Kochi, Kerala, from May 20 to May 30, 2024. A dedicated working group
for regulating tourism in Antarctica has been formulated for the first time at the 46 th ATCM, hosted by India. The gathering
has over 350 participants from nearly 40 nations. The ATCM and CEP are high-level global annual meetings conducted in
accordance with the provisions of the Antarctic Treaty, a multilateral agreement of 56 Contracting Parties signed in 1959.
India has been a Consultative Party to the Antarctic Treaty since 1983. The ATCM is administered through the Antarctic
Treaty Secretariat headquartered in Argentina. Moreover, India hosted the 10th SCAR (Scientific Committee on Antarctic
Research) conference themed ‘Antarctica in a Changing World’ for the first time in 2022. {Read more}
Smart Points:
• 46th Antarctic Treaty Consultative Meeting & 26th Meeting of Committee for Environmental Protection – in Kochi, Kerala
• To be organized by = NCPOR (Goa), under Ministry of Earth Sciences & Antarctic Treaty Secretariat
• For first time at 46th ATCM, a dedicated working group for regulating tourism in Antarctica has been formulated
• ATCM & CEP – high-level global annual meetings conducted in accordance with provisions of Antarctic Treaty
• Antarctic Treaty – a multilateral agreement of 56 Contracting Parties | Signed in – 1959
- India – a Consultative Party since 1983
• ATCM – administered through Antarctic Treaty Secretariat (Argentina)
• India – hosted 10th Scientific Committee on Antarctic Research conference in 2022 for first time
- Theme - “Antarctica in a Changing World”
• Minister of Earth Sciences: Kiren Rijiju | Constituency – Arunachal West
15. The 10th World Water Forum under the theme of “Water for Shared Prosperity” officially
opened on Indonesia’s island of Bali. The 10th World Water Forum focused on 4 topics, namely
water conservation, clean water and sanitation, food and energy security, and mitigation of
natural disasters. The Forum is held every 3 years and has been taking place since 1997. It is
the largest international gathering in the water sector involving various stakeholders, which
has been co-hosted by the World Water Council and a host city. {Read more}
Smart Points:
• 10th World Water Forum – officially opened on Bali, Indonesia | It is held every 3 years since 1997
- Theme - “Water for Shared Prosperity”
• Focused on – water conservation, clean water & sanitation, food & energy security & mitigation of natural disasters
• It is co-hosted by = World Water Council + Host City
• HQs of World Water Council – Marseille, France | President – Loic Fauchon France
16. The Department for Promotion of Industry and Internal Trade (DPIIT) organised the
“ONDC Startup Mahotsav”, a first of its kind event, at Vanijya Bhawan, New Delhi. The event
is a unique collaboration between the ONDC and the Startup India initiative. During the
event, EaseMyTrip.com signed a Letter of Intent (LOI) to join the ONDC. Over 125 start-ups
and over 20 unicorns participated in the event. The ‘ONDC Startup Mahotsav’ brought
together around 5,000 start-ups in hybrid mode, and featured panel discussions and a
masterclass on enabling start-ups on ONDC. {Read more}
https:// /#
Smart Points:
• DPIIT – organised “ONDC Startup Mahotsav”, a first of its kind event, at Vanijya Bhawan, New Delhi
• It is a collaboration between = ONDC + Startup India initiative | EaseMyTrip – signed an LOI to join ONDC
• HQs of ONDC – New Delhi | MD & CEO – Thampy Koshy (under DPIIT, Ministry of C&I)
17. The Central Council for Research in Ayurvedic Sciences (CCRAS), an autonomous body under the Ministry of Ayush, has
hosted the “Pharma Research in AyurGyan and Techno Innovation (PRAGATI-2024)” at the India Habitat Centre, New Delhi.
This interactive meeting focuses on exploring research opportunities and fostering collaboration between CCRAS and the
Ayurveda drug industry. The program was inaugurated by Secretary Ministry of Ayush, Vd. Rajesh Kotecha. The event saw
participation from representatives of 35 pharmaceutical companies nationwide. The aim of the meeting was to maximize
the potential of Ayurveda stakeholders in drug and device development by connecting researchers and industrial partners
involved in manufacturing Ayurveda formulations and technological innovations. {Read more}
Smart Points:
• CCRAS – hosted “Pharma Research in AyurGyan & Techno Innovation (PRAGATI-2024)” in New Delhi
• Aim: To maximize potential of Ayurveda stakeholders in drug & device development
• HQs of CCRAS – New Delhi | DG – Rabinarayan Acharya
18. During the ongoing 77th World Health Assembly held in Geneva, Switzerland from May 27 to June 1, India hosted a side
event on Women, Children and Adolescent Health in collaboration with Norway, United Nations Children’s Fund (UNICEF),
United Nations Population Fund (UNFPA) and Partnership for Maternal, Newborn and Child Health (PMNCH). The focus of
the event was on adolescent health. The purpose of the event was to share emerging evidence and discoveries, fostering
dialogue on pivotal opportunities for investment in maternal, newborn, child, and adolescent health and well-being. {Read
more}
Smart Points:
• 77th World Health Assembly – held in Geneva, Switzerland
• India + Norway + UNICEF + UNFPA + PMNCH = hosted a side event on Women, Children & Adolescent Health
• Aim: To share emerging evidence & discoveries, fostering dialogue on pivotal opportunities for investment in maternal,
newborn, child & adolescent health & well-being
https:// /#
Ranks, Reports & Surveys
1. The space economy is anticipated to exponentially grow to a staggering $1.8 trillion by 2035, from $630 billion in 2023,
according to the report titled “The $1.8 trillion Opportunity for Global Economic Growth” released by the World Economic
Forum in partnership with McKinsey & Company. The growth will be prompted by the ubiquity of space technologies, such
as navigation satellites, lower costs, and easier access to these technologies. The WEF report states that more than 60% of
increase in space economy would come from other industries relying on space economy, such as food and beverage, state-
sponsored defence and weaponry, consumer goods and lifestyle, and more. {Read more}
Smart Points:
• “The $1.8 trillion Opportunity for Global Economic Growth” report – released by WEF + McKinsey & Company
- Space economy is anticipated to grow to a staggering $1.8 trillion by 2035 (from $630 billion in 2023)
- More than 60% of increase in space economy would come from other industries relying on space economy
2. Nearly 282 million (28.2 crore) people in 59 countries suffered from acute hunger in 2023,
according to the “Global Report on Food Crises (GRFC) 2024”. It analyzed a population of 1.3
billion in 2023 across 59 countries. 24 million more people faced an acute lack of food than in
2022, due to the sharp deterioration in food security, especially in the Gaza Strip and Sudan.
The 10 countries with the world’s largest food crisis in 2023 were the Democratic Republic of
the Congo, Nigeria, Sudan, Afghanistan, Ethiopia, Yemen, the Syrian Arab Republic, Bangladesh,
Pakistan and Myanmar. Palestine’s war-torn Gaza is the territory with the largest number of
people facing famine, with over 80% of the total people facing imminent famine globally.
7,05,000 people in 5 countries (Palestine, South Sudan, Burkina Faso, Somalia & Mali) are at
Phase 5, the highest level of hunger. The report is published annually by the Food Security
Information Network (FSIN) and launched by the Global Network Against Food Crises, a
multistakeholder initiative that includes UN agencies, the European Union, the US Agency for
International Development. {Read more}
Smart Points:
• “Global Report on Food Crises (GRFC) 2024” – published annually by FSIN & launched by GNAFC
- This analysis covered a population of 1.3 billion in 2023 across the 59 countries
- Nearly 282 million (28.2 Cr) people in 59 countries suffered from acute hunger in 2023
- 24 million more people faced an acute food shortages compared to 2022
• Top 10 Countries with world’s largest Food Crisis – Democratic Republic of Congo, Nigeria, Sudan, Afghanistan,
Ethiopia, Yemen, Syria, Bangladesh, Pakistan & Myanmar
• Palestine’s Gaza Strip – saw the largest number of people facing famine (over 80% of the total people facing imminent
famine globally)
• 7,05,000 people in 5 countries (Palestine, South Sudan, Burkina Faso, Somalia & Mali) are at Phase 5 Hunger Level
• GNAFC – a multistakeholder initiative that includes UN agencies, EU, US Agency for International Development
• HQs of FAO – Rome, Italy | DG – QU Dongyu | Founded in – 1945
https:// /#
3. In FY2023, India witnessed 83,000 patents being filed, marking an annual growth rate of 24.6%, the highest in the last two
decades, as per the “Patenting Trends in India” report released by NASSCOM. Amongst the top application areas, Healthcare
related patents saw the maximum applications, followed by Automation/Software Development and Retail/Ecommerce.
Artificial Intelligence, the Internet of Things and Neurotechnology are amongst the top technology patents filed by DeepTech
Start-ups in India. Tamil Nadu filed the maximum number of patents during FY23. With 9.3% of total patent filings during
FY23, Tamil Nadu surpassed Maharashtra (6.8%) to take the top rank. After India, the US has been the key country of origin
for patents across major deep-tech start-ups in India. India’s share in patents filed globally is just above 2%. {Read more}
Smart Points:
• “Patenting Trends in India” report – released by NASSCOM
• India witnessed 83,000 patents being filed with an annual growth rate of 24.6% (highest in the last 2 decades)
• Maximum number of applications – Healthcare (Followed by Automation/Software Dev. & Retail/Ecommerce)
• Tamil Nadu (9.3%) – filed the maximum number of patents during FY23, surpassing Maharashtra (6.8%)
• After India, US is the key country of origin for patents after across major deep-tech start-ups in India
• India’s Share in Global Patents – Just above 2%
• HQs of NASSCOM – New Delhi | President – Debjani Ghosh | Chairman – Rajesh Nambiar
4. ISRO Chairman S. Somanath has released its “Indian Space Situational Assessment Report (ISSAR) 2023”, evaluating the
vulnerability of its space assets to environmental hazards and artificial space objects. According to the report, about 1,37,565
close approach alerts were received from USSPACECOM. Also, a total of 3,033 alerts for close approaches within the distance
of 1 kilometre were deduced by the ISRO satellites. The report also identified 2,700 close approaches with other operational
satellites within 5 kilometres. Since the beginning of the Indian space era, a total of 127 Indian satellites have been launched
till December 31, 2023. The report was compiled by ISRO System for Safe and Sustainable Space Operations Management
(IS4OM). India is the chair of the UN working group on the long-term sustainability of outer space activities. ISRO as the chair
of the Inter-Agency Debris Coordination Committee (IADC) for 2023-24 had hosted the 42nd Annual IADC Meet in April 2024.
{Read more}
Smart Points:
• “Indian Space Situational Assessment Report (ISSAR) 2023” – released by ISRO
- about 1,37,565 close approach alerts were received from USSPACECOM
- 3,033 alerts for close approaches within the distance of 1 km were deduced by the ISRO satellites
- The report identified 2,700 close approaches with other operational satellites within 5 km
• The report was compiled by – ISRO System for Safe and Sustainable Space Operations Management (IS4OM)
• Aim: To evaluate vulnerability of its space assets to environmental hazards & artificial space objects
• 127 Indian satellites have been launched till Dec 31, 2023
• India – chairs UN working group on long-term sustainability of outer space activities
• ISRO – hosted 42nd Annual IADC Meet in April, as Chair of Inter-Agency Debris Coordination Committee for 2023-24
https:// /#
5. Singapore-headquartered Emeritus, a global leader in delivering accessible and affordable high-
quality education, has been ranked as the number one EdTech Company in the world with a score of
91, as per the 1st edition of the “World’s Top EdTech Companies of 2024” ranking released by TIME
Magazine in collaboration with Statista. This honor recognises Emeritus’s significant impact on the
global education landscape and its commitment to providing high-quality online education. Ashwin
Damera is the Co-Founder and CEO of Emeritus. Emeritus is followed by the UK-based Memrise with
90 score and Brazil-based Afya with 89 score on second & third spots respectively. {Read more}
Smart Points:
• 1st edition of “World’s Top EdTech Companies of 2024” – released by TIME Magazine & Statista
• Top EdTech Companies with scores: 1st – Emeritus (Singapore) | 2nd – Memrise (UK) | 3rd – Afya (Brazil)
6. India’s score in the “World Press Freedom Index 2024” fell over the last year, from 36.62
to 31.28, according to Reporters Without Borders (RSF) which published this report.
However, India’s rank improved from 161st out of 180 countries in 2023 to 159th in 2024,
as other countries had slipped in their rankings. Norway (91.89), Denmark (89.6), Sweden
(88.32), Netherlands (87.73), and Finland (86.55) topped the 2024 Index, while Eritrea
(16.6), Syria (17.4) and Afghanistan (19.1) were at the bottom. Press freedoms fell by an
average 7.6 points globally. The press freedom questionnaire covers 5 categories - Political
context, Legal framework, Economic context, Sociocultural context and Security. Scores for
India dropped (worsened) in all except the Security indicator. India’s media has fallen into
an ‘unofficial state of emergency’ since Narendra Modi came to power in 2014, according to the RSF country file on India.
The US press freedom score fell from 71.22 to 66.59 & its rank deteriorated from 45 to 55. {Read more}
Smart Points:
• “World Press Freedom Index 2024” – published by Reporters Without Borders (RSF)
• India’s rank – 159th (from 161st in 2023) | India’s score – 31.28 (from 36.62 in 2023)
• 1st – Norway (91.89) | 2nd – Denmark | 3rd – Sweden | 4th – Netherlands | 5th – Finland
• Bottom rankings: 180th – Eritrea (16.6) | 179th – Syria | 178th – Afghanistan
• Globally, press freedoms fell by an average 7.6 points
• Questionnaire covers 5 categories – Political, Legal, Economic, Sociocultural & Security
• India’s scores dropped (worsened) in all indicators, except Security
• As per RSF country file on India, India’s media has fallen into ‘unofficial state of emergency’ since Modi came to power
7. India’s e-commerce has been projected to reach $325 billion by 2030, as per the report released by Invest India. Currently
valued at $70 billion, India’s online shopping makes up approximately 7% of the country’s total retail market. India’s digital
economy is expected to reach an impressive $800 billion by the same time. With a staggering 881 million users, India boasts
the world’s 2nd largest internet user base, positioning itself to emerge as the 3rd largest online retail market by 2030, driven
by the rapid expansion of its digital economy, as per the report. India will be the leader of the online shopping revolution,
with an estimated 500 million shoppers by 2030. By 2026, it is projected that over 1.18 billion people in India (80% of India’s
population) will have access to smartphones. {Read more}
Smart Points:
• Estimations as per the report released by Invest India:
- India’s e-commerce – to reach $325 billion by 2030 (currently valued at $70 billion or 7% of India’s retail market)
- India’s digital economy – to reach $800 billion by 2030
https:// /#
- India – to emerge as 3rd largest online retail market by 2030
- India – to lead online shopping revolution, with an estimated 500 million shoppers by 2030
- Over 1.18 billion people in India will have access to smartphones by 2026
• Currently, India is the world’s 2nd largest internet user base with 881 million users
• HQs of Invest India – New Delhi | MD & CEO – Nivruti Rai
8. According to the report, titled “Aging Well in Asia: Asian Development Policy Report 2024”,
released by the Asian Development Bank (ADB) at the ADB’s 57th Annual Meeting, the ‘old age
dependency ratio’ (the share of people aged 60 years & more over those in the age of 15-59
years) was a little less than 20% in 2022, and is expected to be over 30% by 2050. The change
in old-age dependency ratio will reduce India’s GDP growth per capita by 0.053% points in the
2031-2040 period. For China, it would be a reduction of 0.211 percentage points in the period.
The ADB report stated that the number of people aged 60 years and older in developing Asia
and the Pacific is set to nearly double by 2050 to 1.2 billion. {Read more}
Smart Points:
• “Aging Well in Asia: Asian Development Policy Report 2024” – released by ADB
• ‘Old age dependency ratio’: share of people aged 60 years & more over those in the age of 15-59 years
• Old age dependency ratio was a little less than 20% in 2022, & is expected to be over 30% by 2050
• Change in old-age dependency ratio will reduce India’s GDP growth per capita by 0.053% points in 2031-2040 period
• Number of people aged 60 years & older in developing Asia & the Pacific is set to nearly double by 2050 to 1.2 billion
• HQs of ADB – Mandaluyong, Philippines | President – Masatsugu Asakawa | Members – 68
9. India’s fossil fuel-based power generation capacity increased 2.44% to 243.22 GW in FY24 from 237.27 GW in FY23. There
was a 10.79% rise in non-fossil fuel based capacity (renewable energy sources) addition at 190.57 GW in FY 2023-24. While
the fossil fuel-based capacity includes power generation through coal, lignite, gas and diesel sources, the non-fossil fuel
includes power generated from solar, wind and hydropower. The nuclear power capacity addition rose to 8.18 GW in FY24.
In FY24, India’s total power generation capacity rose 6.22% to 441.97 GW. The renewable energy sources capacity increased
to 143.64 GW, up 14.76%. {Read more}
Smart Points:
• India’s fossil fuel-based power generation capacity – increased 2.44% to 243.22 GW in FY24 (from 237.27 GW in FY23)
• Non-fossil fuel based capacity – rose to 190.57 GW in FY24 (up 10.79%)
• Nuclear power capacity – rose to 8.18 GW in FY24
• India’s total power generation capacity – rose to 441.97 GW in FY24 (up 6.22%)
• Renewable Energy sources capacity – rose to 143.64 GW in FY24 (up 14.76%)
https:// /#
10. India is the origin of the largest number of international migrants, nearly
18 million, with large diasporas in UAE, US and Saudi Arabia. And it continues
its march as the top country receiving remittances from its diaspora. In 2022,
India received $111 billion in all, the first country to reach and even surpass
the $100-billion mark, according to the “World Migration Report, 2024” by the
UN’s International Organisation for Migration (IOM). India, Mexico and China
were the top three remittance recipient countries in 2022, followed by the Philippines, France and Pakistan. Migrants sent
an estimated $831 billion in international remittances globally in 2022. The Mexico-to-US corridor is the largest in the world
at nearly 11 million people. The India-UAE corridor is the fourth largest. There were 3.47 million Indians in UAE, followed by
2.7 million in the US, and 2.5 million in Saudi Arabia. {Read more}
Smart Points:
• “World Migration Report, 2024” – released by UN’s IOM
• India – origin of largest number of international migrants, nearly 18 mn, with large diasporas in UAE, US & Saudi Arabia
• In 2022, India received $111 billion in all, first country to reach & even surpass the $100-billion mark
• Top remittance recipient countries in 2022 – India, Mexico, China, Philippines, France & Pakistan
• Migrants sent an estimated $831 billion in international remittances globally in 2022
• Mexico-to-US corridor – the largest in world at nearly 11 million people | India-UAE corridor – 4th largest
• Indians abroad: 3.47 million in UAE, 2.7 million in US & 2.5 million in Saudi Arabia
• HQs of IOM – Geneva, Switzerland | Director General – Amy E. Pope
11. Due to rapid solar energy deployment in the country, India has overtaken
Japan to become the world’s third-largest solar power generator in 2023,
according to the “Global Electricity Review” published by a global energy think
tank, Ember. Top 5 solar power-generating countries in the world in 2023 are
China, USA, India, Japan & Germany. Solar produced a record 5.5% of global
electricity in 2023. In line with the global trend, India generated 5.8% of its
electricity from solar in 2023. India saw the world’s fourth-largest increase in
solar generation in 2023 (+18 terawatt hour or TWh), behind China (+156
TWh), the United States (+33 TWh) and Brazil (+22 TWh). According to the International Energy Agency’s (IEA) “Net Zero
Emissions” scenario, solar would increase to 22% of global electricity generation by 2030. {Read more}
Smart Points:
• “Global Electricity Review” – published by Ember (London, UK)
• India – overtook Japan to become world’s 3rd largest solar power generator in 2023
• Top 5 solar power-generating countries in 2023: China, USA, India, Japan & Germany
• Electricity produced from solar in 2023: Global – 5.5% | India – 5.8%
• India – saw world’s 4th largest increase in solar generation in 2023 (+18 terawatt hour or TWh)
- 1st – China (+156 TWh) | 2nd – United States (+33 TWh) | 3rd – Brazil (+22 TWh)
• According to IEA’s “Net Zero Emissions” scenario, solar would increase to 22% of global electricity generation by 2030
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12. Maharashtra has emerged as the top state, surpassing Karnataka in total money flow for the fiscal year 2023-24 in terms
of private equity investments (PE funds) in India, according to a report titled “India Invests” by Wealth 360 One. Maharashtra,
Karnataka, Haryana, Delhi, and Tamil Nadu are the top five states to attract substantial investments from private equity funds.
Mumbai, the Financial Capital of India, has surpassed India's Silicon City Bengaluru, to become the leading city for investments
after receiving an investment of $7.3 billion. Among cities, Mumbai, Delhi NCR, Bengaluru, Chennai, and Pune are the top cities
that attracted the most PE investments. As per the Ministry of Commerce and Industry data, India houses 1.7 lakh registered
startups, collectively generating over 1.2 million jobs. Maharashtra leads with 5801 startups, followed by Delhi NCR with 3150,
Karnataka with 3032, and Tamil Nadu with 2810 startups. {Read more}
Smart Points:
• “India Invests” report – released by Wealth 360 One
• Total money flow for FY24 in terms of private equity investments (PE funds) in India:
- Top 5 states to attract substantial investments: Maharashtra, Karnataka, Haryana, Delhi & Tamil Nadu
• Leading city for PE funds: 1st – Mumbai ($7.3 billion) | 2nd – Delhi NCR | 3rd – Bengaluru | 4th – Chennai | 5th – Pune
• As per Ministry of Commerce & Industry data, India houses 1.7 lakh registered startups
- 1st – Maharashtra (5801) | 2nd – Delhi NCR (3150) | 3rd – Karnataka (3032) | 4th – Tamil Nadu (2810)
• HQs of 360 One Wealth – Mumbai, Maharashtra | CEO – Satheesh Krishnamurthy
13. Henley & Partners, an international wealth migration specialist, in

collaboration with New World Wealth, a global data intelligence firm, recently
published the “World’s Wealthiest Cities Report 2024”, which highlights the richest
cities globally for the year 2024. New York City has continued to maintain its
position as the world’s wealthiest city. The Bay Area, US, ranked second, followed
by Tokyo, Singapore & London. Notably, India has made significant progress, with
two of its cities breaking into the top 50 list. Mumbai and Delhi ranked 24 th and
37th, respectively. Dr Juerg Steffen is the CEO of Henley & Partners. {Read more}
Smart Points:
• “World’s Wealthiest Cities Report 2024” published by = Henley & Partners + New World Wealth
• World’s top 5 wealthiest cities: New York, The Bay Area (US), Tokyo, Singapore & London
• Mumbai & Delhi ranked 24th & 37th
• HQs of Henley & Partners – London, UK | CEO – Dr Juerg Steffen
14. Annual investments will need to increase to $260 billion a year to cut in half agri-food emissions by 2030 and reach Net
Zero emissions by 2050, according to a new World Bank report titled “Recipe for a Livable Planet: Achieving Net Zero
Emissions in the Agrifood System”. The world’s agri-food system emits about 16 gigatonnes of greenhouse gases (GHG) per
year, about a third of all global emissions. In India, 60% of emissions from agrifood systems come from the farm gate. The
report indicates that 80% of the mitigation potential for agriculture in India could be achieved by adopting cost-saving
measures alone. The top 10 agrifood system emitters are China, Brazil, India, United States, Indonesia, the Democratic
Republic of Congo, Russian Federation, Canada, Pakistan and Argentina. {Read more}
Smart Points:
• “Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System” – released by World Bank
• Annual investments will need to increase to $260 billion a year to cut in half agri-food emissions by 2030 and reach Net
Zero emissions by 2050
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• World’s agri-food system emits about 16 gigatonnes of greenhouse gases (GHG) per year
• In India, 60% of emissions from agrifood systems come from the farm gate
• Top 10 agrifood system emitters: China, Brazil, India, US, Indonesia, Democratic Republic of Congo, Russia, Canada,
Pakistan and Argentina
15. According to the report titled “Amplifying the Global Value of Earth Observation” released by World Economic Forum
(WEF), the global value of Earth Observation (EO) data is projected to rise from $266 billion to $703 billion in next 6 years,
by 2030. EO has the potential to add a cumulative $3.8 trillion contribution to the global GDP between 2023 and 2030. The
report identifies 5 key areas: 1) Environmental monitoring, 2) Early warning, 3) Shipping route optimisation; 4) Precision
agriculture, and 5) Supply chain monitoring. The Asia Pacific region is poised to capture the largest share of EO’s value by
2030, reaching a potential value of $315 billion. In addition, EO data has the potential to eliminate 2 gigatonnes of
greenhouse gas (GHG) emissions every year. {Read more}
Smart Points:
• “Amplifying the Global Value of Earth Observation” report – released by WEF
• Global value of Earth Observation (EO) data – to rise from $266 billion to $703 billion by 2030
• EO – has potential to add $3.8 trillion contribution to global GDP between 2023 & 2030
• 5 Key areas identified in report: Environmental monitoring, Early warning, Shipping route optimisation, Precision
agriculture & Supply chain monitoring
• Largest share of EO’s value – to be captured by Asia Pacific region by 2030 (reaching a potential value of $315 billion)
• EO data – has potential to eliminate 2 gigatonnes of greenhouse gas (GHG) emissions every year
16. India has overtaken major countries like Australia, Hong Kong SAR,
Japan, Singapore, and Korea becoming the country with the highest data
center capacity of 950 MW in the Asia-Pacific region (excluding China),
according to CBRE Group Inc. After India, Japan recorded the second-
highest Data centers (DC) capacity with 892 MW, followed by Australia
at 773 MW. In 2023, there was an addition of 255 MW of new supply.
India is expected to record the highest capacity addition of 850 MW
during the 2024-2026 period. Data centers (DC) continue to rank among
the top three preferred alternative assets for investors in the APAC region, including India. The total DC stock in 2023 was
16 mn. sq. ft. in India. Between 2018-2023, India secured investment commitments of more than $40 billion from both
global and domestic investors. The top states that dominated the cumulative investment commitments include
Maharashtra, Uttar Pradesh, West Bengal, and Tamil Nadu. Anshuman Magazine is the Chairman & CEO - India, South-East
Asia, Middle East & Africa, CBRE. {Read more}
Smart Points:
• As per CBRE Group Inc:
• India – became the country with highest data center capacity of 950 MW in Asia-Pacific region (excluding China)
- 2nd – Japan (892 MW) | 3rd – Australia (773 MW)
• India – expected to record highest capacity addition of 850 MW during 2024-2026 period | 255 MW added in 2023
• Total DC stock in 2023 – 16 mn. sq. ft. in India
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• India secured investment commitments of more than $40 bn from both global & domestic investors, between 2018-23
• Top states dominating cumulative investment commitments – Maharashtra, UP, West Bengal & Tamil Nadu
• Chairman & CEO-India, South-East Asia, Middle East & Africa, CBRE – Anshuman Magazine
17. According to Delhi-based think tank Global Trade Research Initiative (GTRI),
India’s imports from its key Free Trade Agreement (FTA) partner nations grew
by almost 38% totalling $187.92 billion in FY 2023-24 (FY24), which was faster
when compared to the 31.4% jump to $675.45 billion in India’s overall imports.
Exports from FTA nations increased by 14.48% to $122.72 billion, while total
exports saw a 32% growth at $437 billion. This includes India’s FTA with South
Korea, Japan, Australia, UAE, Mauritius, ASEAN nations, and the South Asian
Free Trade Area. These countries constituted 28% of India’s total trade
(exports & imports) during FY24. Moreover, exports to ASEAN countries grew
from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96% increase. On the other hand, imports from ASEAN saw
a 34.3% jump, totalling $79.67 billion. {Read more}
Smart Points:
• As per GTRI: India’s imports from its key FTA partners grew by – 38% totalling $187.92 billion in FY24
• India’s overall imports grew by 31.4% to $675.45 billion in FY24
• Exports from FTA nations increased by 14.48% to $122.72 billion (total exports saw a 32% growth at $437 billion)
• It includes India’s FTA with South Korea, Japan, Australia, UAE, Mauritius, ASEAN nations & South Asian Free Trade Area
- These countries constituted 28% of India’s total trade (exports & imports) during FY24
• Exports to ASEAN countries – grew to $41.21 billion in FY24 (9.96% jump)
• Imports from ASEAN countries – grew to $79.67 billion in FY24 (34.3% jump)
18. India’s household consumption nearly doubled in the past decade to $2.1 trillion in
2023, with an annual compound growth rate of 7.2%, higher than China, the US and
Germany, as per the report titled “India’s Consumption Story - The Big Divide” released by
UBS Securities. Currently, India remains one of the fastest growing economies and the 5th
largest consumer market in the world. India is expected to outpace Germany (in 2024) and
Japan (in 2026) and become the 3rd largest consumer market in the world by 2026. As of
2023, there were an estimated 40 million people in India in the affluent category (annual
income > $10,000) with 4% share in population of 15 years and above. {Read more}
Smart Points:
• “India’s Consumption Story - The Big Divide” report – released by UBS Securities
• India’s household consumption – doubled in past decade to $2.1 trillion in 2023 (CAGR - 7.2%)
- It is higher than China, US & Germany
• India – remains one of the fastest growing economies & 5th largest consumer market in world
• India – to become 3rd largest consumer market in world by 2026 by outpacing Germany (in 2024) & Japan (in 2026)
• As of 2023, there were an estimated 40 million people in India in affluent category with 4% share in population of 15
years & above
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19. The share of coal in India’s total power generation capacity declined below 50% in the first quarter of 2024, the first time
since the 1960s. As per the latest POWERup Quarterly Report from the Institute for Energy Economics and Financial Analysis
(IEEFA), Renewable Energy accounted for 71.5% of the record 13,669 MW power generation capacity added by India in Q1
(January-March) of 2024. According to the report, a record 69 GW of renewable energy tenders were issued in India in FY
2023-24, surpassing the central government’s target of 50 GW per year. Solar remained the world’s fastest-growing
electricity source for the 19th consecutive year in 2023. India is among the few countries aiming to triple renewable capacity
by 2030. {Read more}
Smart Points:
• POWERup Quarterly Report – from Institute for Energy Economics and Financial Analysis (IEEFA)
• Share of coal in India’s total power generation capacity – declined below 50% in Q1 of 2024 (first time since 1960s)
• Renewable Energy accounted for 71.5% of 13,669 MW power generation capacity, added by India in Q1 of 2024
• In FY24, 69 GW of RE tenders were issued in India, surpassing central govt’s target of 50 GW per year
• Solar – remained world’s fastest-growing electricity source for 19th consecutive year in 2023
• India – aiming to triple renewable capacity by 2030
20. The Asian Paralympic Committee (APC) has announced that 10 new disciplines have been
added in the 5th edition of the “Asian Youth Para Games 2025” to take place in Tashkent,
Uzbekistan, during September-October 2025. The full list of sports included in the programme
are Para Athletics, Para-Armwrestling, Para Cycling, Goalball, Para Judo, Para Powerlifting, Para
Swimming, Para Canoe, Para Taekwondo and Para Academic Rowing. Para-Armwrestling will be
introduced in the Asian Youth Para Games for the first time in Tashkent. The 2021 edition of the Asian Youth Para Games
took place in Bahrain. {Read more}
Smart Points:
• 5th edition of “Asian Youth Para Games 2025” – to take place in Tashkent, Uzbekistan (in Sep-Oct 2025)
• APC announced: 10 new disciplines have been added in this
- Para Athletics, Para-Armwrestling, Para Cycling, Goalball, Para Judo, Para Powerlifting, Para Swimming, Para Canoe,
Para Taekwondo & Para Academic Rowing
• Para-Armwrestling – will be introduced in Asian Youth Para Games for first time in Tashkent
• Asian Youth Para Games in 2021 – held in Bahrain
• HQs of APC – Dubai, UAE | President – Majid Rashed | CEO – Tarek Souei | Founded in – 2002
21. With 93% of students and 83% of employees actively engaging with the
technology, India ranks first in the adoption of Generative Artificial Intelligence
(GenAI) across Asia-Pacific, as per the “Generative AI in the Asia Pacific: Young
Employees Lead as Employers Play Catch-Up” report released by Deloitte India. The
report is based on a survey of 11,900 individuals across 13 countries in the region.
Only 50% of these employees believe their managers know they use this technology.
GenAI could significantly affect 17% of working hours across the Asia Pacific, amounting to almost 1.1 billion work hours
annually. {Read more}
Smart Points:
• “Generative AI in Asia Pacific: Young Employees Lead as Employers Play Catch-Up” report – released by Deloitte India
• India ranks 1st in the adoption of Generative Artificial Intelligence (GenAI) across Asia-Pacific
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• 93% of students & 83% of employees actively engage with the technology
• The report is based on a survey of 11,900 individuals across 13 countries in the region
• GenAI could significantly affect 17% of working hours across the Asia Pacific (1.1 billion work hours annually)
22. The 3rd edition of “UN World Wildlife Crime Report 2024” released by United Nations
Office on Drugs and Crime’s (UNODC), the global scope and scale of wildlife crime remain
substantial with seizures during 2015-2021, indicating an illegal trade in 162 countries and
territories affecting around 4,000 plant and animal species. Wildlife seizures rose to 1.4-
1.9% of the global wildlife trade between 2020 and 2021, against 0.5-1.1% seen between
2017 and 2019. Rhino horns comprised the largest share of the illegal wildlife market,
constituting 29%, followed by Pangolin at 28% and Elephant ivory at 15%. {Read more}
Smart Points:
• 3rd edition of “UN World Wildlife Crime Report 2024” – released by UNODC
• Wildlife crimes affect around 4,000 plant and animal species during 2015-2021
• Wildlife seizures rose to 1.4-1.9% of the global wildlife trade during 2015-2021
• Rhino horns (29%) – comprised the largest share of illegal wildlife market | 2nd – Pangolin, 3rd – Elephant ivory
• HQs of UNODC – Vienna, Austria | Director-General – Ghada Fathi Waly
23. The Center for World University Rankings (CWUR) has issued a report
that reveals that Indian universities degraded in terms of performance due
to global competition from well-funded institutions. In the 2024 edition of
the Global 2000 list, 64 Indian universities and institutions were featured
and IIM Ahmedabad secured the top rank. This year, IIM Ahmedabad’s global position improved a bit and it secured 410th
rank, while, IISc Bengaluru dropped 7 places and currently positioned itself at 501st position. The top five Indian Universities
include IIT Bombay (568th), IIT Madras (582nd), and Tata Institute of Fundamental Research (606th). Harvard University (US)
secured top positions for the 13th year in a row despite global competition, followed by Massachusetts Institute of
Technology (US), Stanford University (US), Cambridge University (UK) & Oxford University (UK). The list is based on four
parameters: Quality of Education (25%), Employability (25%), Quality of Faculty (10%), & Research (40%). The report ranked
20,966 universities and the top Global 2000 list features higher education institutions from 94 countries. {Read more}
Smart Points:
• As per a report released by Center for World University Rankings:
• 1st – Harvard University (US) | 2nd – MIT (US) | 3rd – Stanford (US) | 4th – Cambridge (UK) | 5th – Oxford (UK)
• Indian universities degraded in terms of performance due to global competition from well-funded institutions
• Top five Indian Universities:
- IIM Ahmedabad – 410th | IISc Bengaluru – 501st | IIT Bombay – 568th | IIT Madras – 582nd | TIFR – 606th
• It is based on 4 parameters – Quality of Education, Employability, Quality of Faculty & Research
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24. Mahatma Gandhi University (MGU) in Kottayam, Kerala, has retained its first
position among Indian universities in the “Times Higher Education (THE) Young
University Rankings 2024”. This accomplishment follows the university’s rise to the
3rd place in the ‘THE Asia University Rankings’. These rankings list universities
worldwide that are 50 years old or younger. The 2024 ranking includes 673 universities from around the world, with MGU
occupying the 81st position. Anna University and Bharathiar University from Tamil Nadu, along with IIT Patna, and Shoolini
University of Biotechnology and Management Sciences in Himachal Pradesh are placed at 2nd, 3rd, 4th & 5th positions in the
Indian ranking. India was represented by 55 institutions in the 2024 ranking, up from 45 in 2023. Nanyang Technological
University, Singapore topped the rankings worldwide, followed by PSL University, France; The Hong Kong University of
Science & Technology; City University of Hong Kong; and France’s Université Paris-Saclay. Australia has the highest average
score for its universities, followed by Germany and France. {Read more}
Smart Points:
• “Times Higher Education (THE) Young University Rankings 2024” – list universities that are 50 years old or younger
• Among Indian universities:
- 1st – Mahatma Gandhi University in Kottayam, Kerala (81st) | It also got 3rd place in ‘THE Asia University Rankings’
- 2nd – Anna University, Tamil Nadu
- 3rd – Bharathiar University, Tamil Nadu
- 4th – IIT Patna
- 5th – Shoolini University of Biotechnology & Management Sciences, Himachal Pradesh
• Among worldwide rankings:
- 1st – Nanyang Technological University, Singapore
- 2nd – PSL University, France
- 3rd – The Hong Kong University of Science & Technology
- 4th – City University of Hong Kong
- 5th – Université Paris-Saclay, France
• Highest average score for its universities – Australia | 2nd – Germany | 3rd – France
25. The student enrollment under the Scheduled Caste (SC) category grew by 44%, from 4.61 million in 2014-15 to 6.62
million in 2021-22, with female SC enrollment rising by 51%, according to the National Commission for Backward Class
(NCBC). Enrollment of ST students increased by 65.2%, from 1.641 million in 2014-15 to 2.71 million in 2021-22, with female
ST enrollment increasing by 80%. During 2020-21, a 27% reservation for OBC students was implemented in Central Schools,
resulting in 34,133 OBC children securing admissions. Overall, minority female student enrollment witnessed a 42.3%
increase, from 1.07 million in 2014-15 to 1.52 million in 2021-22. {Read more}
Smart Points:
• According to the National Commission for Backward Class (NCBC):
• Student enrollment under SC category increased by 44% – to 6.62 million in 2021-22
• Student enrollment under ST category increased by 65.2% – to 2.71 million in 2021-22
• During 2020-21, a 27% reservation for OBC students was implemented in Central Schools
• Minority female student enrollment witnessed a 42.3% increase – to 1.52 million in 2021-22
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26. In 2023, the number of internally displaced people increased to 75.9
million, from 71.1 million in the preceding year, according to the “Global
Report on Internal Displacement 2024 (GRID-2024)” released by the
Geneva-based Internal Displacement Monitoring Centre (IDMC), a leading
institution on monitoring of internal displacement in the world. According
to GRID-2024, 68.3 million people were living in internal displacement as a
result of conflict and violence at the end of 2023. On the other hand, the
disaster-induced internal displacement population was 7.7 million by the end of 2023. Sudan, Syria, the Democratic Republic
of the Congo (DRC), Colombia and Yemen host nearly half (49%) of the world’s internally displaced people. At 1 million,
Sudan has the highest number of internally displaced people (IDP) recorded for a single country. {Read more}
Smart Points:
• “Global Report on Internal Displacement 2024 (GRID-2024)” – released by Internal Displacement Monitoring Centre
• In 2023, the number of internally displaced people increased to 75.9 million (from 71.1 million)
• 68.3 million people were living in internal displacement due to conflict & violence
• 7.7 million people were living in internal displacement due to disasters
• Sudan, Syria, DRC, Colombia & Yemen – host nearly half (49%) of the world’s internally displaced people
• Sudan – has the highest number of internally displaced people (1 million)
• HQs of IDMC – Geneva, Switzerland | Director – Alexandra Bilak
27. India’s internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be
worth $325 billion and rank 3rd globally, according to industry experts. Shriram Subramanian, Founder and MD of InGovern
Research Services, said as India becomes a $5 trillion economy, e-commerce will continue to annually grow at about 25%
per annum from $60 billion in FY23. {Read more}
Smart Points:
• India’s internet economy – to reach $1 trillion by 2030 (primarily due to e-commerce)
• e-commerce is expected to be worth $325 billion & rank 3rd globally
• As India becomes a $5 tn economy, e-commerce will continue to annually grow at about 25% (from $60 bn in FY23)
28. Gopichand Hinduja, Chairperson of the Hinduja Group, has once again emerged as the richest
individual in the United Kingdom, according to the “UK Sunday Times Rich List”. This is the 6th
consecutive year when the Hinduja Family has topped the list. According to the list, Hinduja’s net
worth is currently around £37.196 billion. Hinduja is followed by businessman Leonard Blavatnik,
and David & Simon Reuben & family with net worth of £29.24 billion and £24.97 billion, respectively.
Another Indian who featured in the top 10 rankings on the list was Lakshmi Mittal and family with a net worth of £14.92
billion, on the 8th spot. Mittal, also known as ‘Steel King’ is the Executive Chairman of ArcelorMittal, the world’s second
largest steelmaking company. {Read more}
Smart Points:
• “UK Sunday Times Rich List”: Gopichand Hinduja – topped the list for the 6th consecutive year
• Gopichand Hinduja (Chairperson of Hinduja Group) – emerged as richest individual in UK with net worth £37.196 bn
• 2nd – Leonard Blavatnik (£29.24 billion) | 3rd – David & Simon Reuben & family (£24.97 billion)
• Another Indian: Lakshmi Mittal & family (£14.92 billion) – 8th
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29. India witnessed the highest number of Internet shutdowns in the world in 2023,
a record it has held for the 6th straight year, as reported by the Keep It On coalition,
a grouping of civil society bodies that advocates against Internet blockades. Officials
in India continue to impose Internet shutdown orders over communal tension,
violence, exams, and other reasons. The Internet was snapped 116 times in India last
year. A total of 13 States and Union Territories imposed shutdowns in 2023. With 37
orders, Myanmar (where the military seized power in a coup in 2021) recorded the
second-highest number of Internet shutdowns, followed by Iran (34), Palestine (16),
and Ukraine (8). {Read more}
Smart Points:
• According to Keep It On coalition:
• India (at 116) – witnessed the highest number of Internet shutdowns in the world in 2023 (6th straight year)
• India is followed by – Myanmar (37), Iran (34), Palestine (16), Ukraine (8)
• A total of 13 States & Union Territories in India imposed shutdowns in 2023
30. According to the annual report “Travel & Tourism Development Index
2024” released by World Economic Forum (WEF), India is ranked 39th, the
highest in South Asia and among other lower-middle-income economies.
India’s new ranking is a notable improvement from its 54th position in the
2021 index. As per the report, the United States tops the list, followed by
Spain, Japan, France, Australia, Germany, the UK, China, Italy and
Switzerland. The index, created with the University of Surrey, ranks India
highly for price competitiveness (18th rank), Air Transport (26th rank), and
Ground and Port infrastructure (25th rank). Also, as per the report, India is
one of only three countries to score in the top 10 across all resource pillars.
For instance, India’s Natural Resources was ranked 6th, and both Cultural,
and Non-Leisure Resources were ranked 9th. {Read more}
Smart Points:
• “Travel & Tourism Development Index 2024” – released by WEF (created with - University of Surrey)
• India – 39th (highest in South Asia & among other lower-middle-income economies) | in 2021 – 54th
• Top 10: US, Spain, Japan, France, Australia, Germany, UK, China, Italy & Switzerland
• Rank of India as per different parameters:
- Price competitiveness – 18th | Air Transport – 26th | Ground & Port infrastructure – 25th
• India – one of only three countries to score in the top 10 across all resource pillars
• Ranks of some of India’s resource pillars:
- India’s Natural Resources – 6th | Both Cultural & Non-Leisure Resources – 9th
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31. Delhi has scored the 350th rank in the “Oxford Economics’ Global Cities
Index”, which has compared the world’s 1000 largest cities on parameters
ranging from economics to human capital. The list of 1000 largest cities,
spread across 163 different countries, also feature several other Indian
cities, including Bengaluru (411), Mumbai (427) and Chennai (472). New
Delhi is the best performing Indian city on the list. The index contains 5
categories: Economics, Human Capital, Quality of Life, Environment, and
Governance, which are aggregated to create an overall score for each city.
New York ranks first on the index, followed by London, San Jose, Tokyo,
Paris, Seattle, Los Angeles, San Francisco, Melbourne and Zurich. {Read more}
Smart Points:
• “Global Cities Index” – released by Oxford Economics
• Best performing Indian cities: 350th – New Delhi | 411th – Bengaluru | 427th – Mumbai | 472nd – Chennai
• Top 10 cities: New York, London, San Jose, Tokyo, Paris, Seattle, Los Angeles, San Francisco, Melbourne & Zurich
• Index contains 5 categories: Economics, Human Capital, Quality of Life, Environment & Governance
32. Forbes released its 9th edition of the “30 Under 30 Asia” list, celebrating 300 young
entrepreneurs, leaders, and trailblazers under 30 who are driving innovation and transforming
industries across the Asia-Pacific region. This year’s list represents a diverse group from 21
countries and territories across the Asia-Pacific region, with India leading with 86 entries,
followed by China and Japan with 32 each. The list of Indians who made it to the Forbes list
include - Kush Jain (ORama AI), Harshit Jain & Abhik Saha (OnePlay), George Francis (Conzumex
Industries), Oshi Kumari, Deyvant Bhardwaj, & Arth Chowdhary (InsideFPV) under ‘Consumer Tech’ category; Akshit Bansal
& Raghav Arora (Statiq), and Gautham Maheswaran & Arun Sreyas (RACE Energy) under ‘Industry, Manufacturing & Energy’
category; Aniket Damle (Blackstone), Yeshu Agarwal (Transak), Srinivas Sarkar & Kushagra Manglik (Coupl) under ‘Finance
and Venture Capital’ category; Kunal Aggarwal (Credflow), Mukul Anand (Rehook.ai), Gaurav Piyush, Mayank Varshney &
Yash Sharma (BlitzIndia), Archit Chauhan, Shaifali Jain, & Sunny Garg (CribIndia), Aditya Dadia (AlwriteIndia), Aryan Sharma
& Ayush Pathak (InducedIndia), Aditi Sinha & Rishabh Jain (Locale.ai), Harshit Mittal (Supplynote), Esha Manideep Dinne &
Varun Vummadi (GigaMLIndia), Ankit Bansal, Ishan Rakshit & Priy Ranjan (ShopfloIndia), Smarthveer Sidana
(HireQuotientIndia) under ‘Enterprise Technology’ category. {Read more}
Smart Points:
• Forbes – released its 9th edition of the “30 Under 30 Asia” list
• This year’s list represents a diverse group from 21 countries and territories across the Asia-Pacific region
- The list is led by India with 86 entries, followed by China & Japan with 32 each
• ‘Consumer Tech’ category:
- Kush Jain (ORama AI), Harshit Jain & Abhik Saha (OnePlay), George Francis (Conzumex Industries), Oshi Kumari,
Deyvant Bhardwaj, & Arth Chowdhary (InsideFPV)
• ‘Industry, Manufacturing & Energy’ category:
- Akshit Bansal & Raghav Arora (Statiq) & Gautham Maheswaran & Arun Sreyas (RACE Energy)
• ‘Finance and Venture Capital’ category:
- Aniket Damle (Blackstone), Yeshu Agarwal (Transak), Srinivas Sarkar & Kushagra Manglik (Coupl)
• ‘Enterprise Technology’ category:
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- Kunal Aggarwal (Credflow), Mukul Anand (Rehook.ai), Gaurav Piyush, Mayank Varshney & Yash Sharma (BlitzIndia),
Archit Chauhan, Shaifali Jain, & Sunny Garg (CribIndia), Aditya Dadia (AlwriteIndia), Aryan Sharma & Ayush Pathak
(InducedIndia), Aditi Sinha & Rishabh Jain (Locale.ai), Harshit Mittal (Supplynote), Esha Manideep Dinne & Varun
Vummadi (GigaMLIndia), Ankit Bansal, Ishan Rakshit & Priy Ranjan (ShopfloIndia), Smarthveer Sidana
(HireQuotientIndia)
• HQs of Forbes – New York | Chairperson & Editor-in-Chief – Steve Forbes | CEO – Mike Federle
33. According to data from the World Steel Association, India has emerged as the sole nation among the top five steel
producers in the world to witness growth in production during April 2024, while others experienced declines of up to 7%.
China, the global leader in steel production, saw its April output decrease by over 7% year-on-year to 85.9 million tonnes.
From January to April this year, China’s production stood at 343.7 million tonnes, marking a 3% decline compared to 2023.
India, the second-largest steel producer worldwide, recorded a 3.6% increase in production, reaching 12.1 million tonnes in
April. India has achieved an impressive 8.5% growth in production between January and April this year, having produced
49.5 million tonnes of steel. Japan, the United States, and Russia experienced a 2-6% year-on-year decline in steel production
during April. {Read more}
Smart Points:
• As per data from the World Steel Association:
• India – emerged as sole nation among Top 5 steel producers in world to witness growth in production during Apr 2024
- Others experienced declines of up to 7%
• China (global leader in steel production) – saw decrease in Apr output by over 7% y-o-y to 85.9 million tonnes
- China’s production – stood at 343.7 million tonnes from Jan to Apr 2024 (3% decline compared to 2023)
• India (2nd largest steel producer) – recorded a 3.6% increase in production, reaching 12.1 million tonnes in Apr 2024
- India’s production – stood at 49.5 million tonnes from Jan to Apr 2024 (8.5% growth)
• Japan, US & Russia – experienced a 2-6% year-on-year decline in steel production during April
34. Uttar Pradesh has emerged as the leading state in terms of the addition
of transmission lines by state transmission utilities in FY24, as per the data
released by the Central Electricity Authority (CEA). In FY24, state utility Uttar
Pradesh Power Transmission Corporation Ltd (UPPTCL) added 1,460 ckm of
transmission lines of 220kV or above. Second-ranking utility Gujarat Energy
Transmission Corporation Ltd (GETCO) ended FY24 with the addition of 898
ckm, followed by Tamil Nadu, Andhra Pradesh and Bihar. Altogether, state
power utilities added 6,993 ckm of transmission lines in FY24, which
represented about 64% of the targeted 11,002 ckm. {Read more}
Smart Points:
• As per the data released by the Central Electricity Authority (CEA):
• UP (1460 ckm) – the leading state in terms of addition of transmission lines by state transmission utilities in FY24
• 2nd – Gujarat | 3rd – Tamil Nadu | 4th – Andhra Pradesh | 5th – Bihar
• Transmission lines added by all state power utilities in FY24 – 6,993 ckm (64% of targeted 11,002 ckm)
• HQs of CEA – New Delhi | Chairperson – Ghanshyam Prasad | Founded in – 1951
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35. Nikesh Arora, CEO of Palo Alto Networks and Indian-born, secured the No. 2 spot on The Wall Street
Journal’s “2023 List of Highest-paid CEOs in the US”. Nikesh Arora’s total compensation reached a
staggering $151.43 million, primarily from stock options. Hock Tan, CEO of Broadcom, topped the overall
list with earnings of $162 million. Stephen A. Schwarzman, CEO of Blackstone, ranked third on the list
with $119.78 million. Several other Indian-American CEOs who made significant appearances are -
Sanjay Malhotra (Micron Technology), Ajei Gopal (Ansys), and Reshma Kewalramani (Vertex Pharmaceuticals) ranked within
the top 120. A total of 17 Indian-origin made it into the top 500, with Shantanu Narayen of Adobe following closely behind
Arora at number 11 with $44.93 million. {Read more}
Smart Points:
• “2023 List of Highest-paid CEOs in the US” – by The Wall Street Journal
• Nikesh Arora (CEO of Palo Alto Networks) – secured No. 2 spot with earnings $151.43 million
• 1st – Hock Tan (CEO of Broadcom with $162 mn) | 3rd – Stephen A. Schwarzman (CEO of Blackstone with $119.78 mn)
• 11th – Shantanu Narayen (CEO of Adobe with $44.93 million)
• Other Indian-American CEOs within the top 120 are:
- Sanjay Malhotra (Micron Technology), Ajei Gopal (Ansys) & Reshma Kewalramani (Vertex Pharmaceuticals)
• Total 17 Indian-origin made it into top 500
36. Global revenues from Carbon Taxes and Emissions Trading Systems (ETS) in 2023 have reached a record high of $104
billion, according to the World Bank’s annual “State and Trends of Carbon Pricing 2024” report. The report indicates that
there are now 75 carbon pricing instruments in operation worldwide. More than half of the revenue collected was allocated
to fund climate and nature-related programs. The Carbon Taxes and ETS cover 24% of the global emissions, from 7%
recorded 11 years ago when the first report was released. Currently, less than 1% of global greenhouse gas emissions are
covered by a direct carbon price within the range recommended by the High-level Commission on Carbon Prices. {Read
more}
Smart Points:
• “State and Trends of Carbon Pricing 2024” report – released by World Bank
• Global revenues from Carbon Taxes & Emissions Trading Systems (ETS) in 2023 – reached $104 billion
• Now, there are 75 carbon pricing instruments in operation worldwide
• Carbon Taxes & ETS cover 24% of global emissions, from 7% recorded 11 years ago
37. Governments of low- and middle-income countries will need to increase spending to ensure universal social protection
by an estimated additional $1.4 trillion if they are to provide basic social protection for all, according to a new working paper,
titled “Financing Gap for Universal Social Protection: Global, regional and national estimates and strategies for creating fiscal
space”, by the International Labour Organization (ILO). This financing gap represents 3.3% of the annual GDP of low and
middle-income countries combined. In the low-income countries, the social protection financing gap reaches an
overwhelming 52.3% of annual GDP. To achieve universal coverage, low- and middle-income countries will need additional
government spending of 10.6% of annual government expenditure. Regionally, the findings show that Africa faces the most
substantial challenges, with a financing gap of 17.6% of the continent’s GDP per year, followed by low- and middle-income
countries in the Arab States (11.4%), Latin America and the Caribbean (2.7%), Asia and the Pacific (2.0%) and Europe and
Central Asia (1.9%). {Read more}
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Smart Points:
• “Financing Gap for Universal Social Protection” – released by ILO
• Low- & middle-income countries – need to increase spending to ensure universal social protection by $1.4 trillion
• Social protection financing gap – reaches 52.3% of annual GDP in low-income countries
• Low- & middle-income countries need additional spending of 10.6% of annual government expenditure to achieve
universal coverage
• Most substantial challenges faced by – Africa (financing gap of 17.6%) | 2nd – Arab States (11.4%)
- 3rd – Latin America & Caribbean (2.7%) | 4th – Asia & Pacific (2.0%) | 5th – Europe & Central Asia (1.9%)
• HQs of ILO – Geneva, Switzerland | DG – Gilbert F. Houngbo | Founded in – 1919
38. According to the Wildlife Institute of India, currently, about 4,000 dolphins are present
in the Ganga and its tributaries. As per an estimate, the number of Gangetic dolphins in
Uttar Pradesh is expected to be 2,000, the highest among all states. Given this, the UP
government implemented a new tourism policy for the state and declared a Dolphin
Sanctuary area in Chambal Sanctuary. The river dolphin is a very special mega-fauna of the
Indian subcontinent, which is classified as ‘Endangered’ at the global level. {Read more}
Smart Points:
• According to the Wildlife Institute of India:
- currently, about 4,000 dolphins are present in the Ganga and its tributaries
- the number of Gangetic dolphins in Uttar Pradesh is expected to be 2,000, the highest among all states
• UP government implemented a new tourism policy & declared a Dolphin Sanctuary area in ‘Chambal Sanctuary’
• River dolphin – a very special mega-fauna of the Indian subcontinent, classified as ‘Endangered’ at the global level
• HQs of WII – Dehradun | Chairman – Leena Nandan | President – Bhupender Yadav
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A GLIMPSE OF SOME GENUINE TESTIMONIALS
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Amount & Agreements
1. Asian Development Bank (ADB) and the donors have agreed for the replenishment of Asian Development Fund (ADF) and
Technical Assistance Special Fund (TASF) during the 57th Annual Meeting of ADB. The ADF will be replenished with $5 billion
to support most vulnerable sections in the Asia Pacific region. ADF is ADB’s largest source of grants for operations in its
poorest and most vulnerable developing member countries and is replenished every 4 years. ADB President Masatsugu
Asakawa said this ADF 14, marking the 13th replenishment since the fund’s establishment in 1974, will support grant
operations during 2025-2028. The current replenishment is about 22% higher than the $4.1 billion available in ADF 13. {Read
more}
Smart Points:
• ADB + donors = agreed for the replenishment of Asian Development Fund & Technical Assistance Special Fund
• ADF will be replenished with $5 billion to support most vulnerable sections in the Asia Pacific region
• ADF 14 marks the 13th replenishment since the fund’s establishment in 1974 | ADF is replenished every 4 years
• HQs of ADB – Mandaluyong, Philippines | President – Masatsugu Asakawa | Members – 68
2. Sri Lankan government has signed a 20-year Power Purchase Agreement (PPA) with Adani Green to develop wind power
stations. Adani Green Energy will be developing wind power stations in Mannar and Poonerin in Sri Lanka. The renewable
energy company got the approval in February 2023 to invest $442 million towards the development of the 484 MW wind
power plants in the two areas. {Read more}
Smart Points:
• Sri Lanka + AGEL = a 20-year PPA to develop wind power stations in Mannar & Poonerin in Sri Lanka
• AGEL – got approval in Feb 2023 to invest $442 mn towards development of 484 MW wind power plants
• HQs of AGEL – Ahmedabad, Gujarat | CEO – Amit Singh
• Sri Lanka – Colombo/Sri Jayawardenepura Kotte – Sri Lankan Rupee
PM – Dinesh Gunawardena | President – Ranil Wickremesinghe
3. REC Ltd has decided to raise up to $1 billion from Asian Development Bank (ADB) and Export-Import Bank of Korea (Korea
Eximbank) for preparing itself for the expected jump in demand for credit from all segments of the power industry. The
company is also aiming to take another term loan of $500 million from KfW Development Bank for which the discussions
are underway. In FY25, REC aims to reduce its cost of funds by 12 basis points to around 7%. The company aims to increase
its external commercial borrowing this fiscal and is initially targeting to raise $2 billion via green bonds. {Read more}
Smart Points:
• REC Ltd – to raise up to $1 billion from ADB & Export-Import Bank of Korea
• REC Ltd – to take another term loan of $500 million from KfW Development Bank
• REC aims to reduce its cost of funds by 12 basis points to around 7% in FY25
• REC also targets to raise $2 billion via green bonds in FY25
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4. India has contributed $5,00,000 to the U.N. Counter-Terrorism Trust Fund (CTTF),
underscoring its unwavering commitment to support multilateral efforts in the global fight
against the scourge of terrorism. India’s Permanent Representative to the United Nations
Ambassador Ruchira Kamboj handed over India’s voluntary financial contribution to
Vladimir Voronkov, Under Secretary General, United Nations Office of Counter-Terrorism
(UNOCT). With this contribution, India’s cumulative financial support to the trust fund now
stands at $2.55 million. {Read more}
Smart Points:
• India – contributed $5,00,000 to U.N. Counter-Terrorism Trust Fund (CTTF)
• Ruchira Kamboj – handed over India’s voluntary contribution to Vladimir Voronkov (Under Secretary General of UNOCT)
• With this contribution, India’s cumulative financial support to trust fund – $2.55 million
• HQs of UNOCT – New York, US | Under SG – Vladimir Voronkov | Founded in – 2017
5. The International Finance Corporation (IFC) has extended $500 million financing to HDFC Bank to ramp up microloans to
underserved women borrowers in India. Women, especially microloan borrowers in semi-urban and rural areas, will have
increased access to finance with this IFC’s financing. The Bank will use IFC’s financing for on-lending as microloans to Self-
Help Groups (SHGs) and Joint Liability Groups (JLGs) enrolled in the Sustainable Livelihoods Initiative (SLI). {Read more}
Smart Points:
• IFC – extended $500 million financing to HDFC Bank to ramp up microloans to underserved women borrowers in India
• Bank will also use IFC’s financing for on-lending as microloans to SHGs & JLGs enrolled in SLI
• HQs of IFC – Washington, U.S. | MD – Makhtar Diop | IFC India’s Head – Wendy Werner (an arm of World Bank)
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MoUs, Collaborations & Partnerships
1. Department of Administrative Reforms and Public Grievances (DARPG), the
Government of India, and Bangladesh’s Ministry of Public Administration have agreed
to renew an existing agreement under which capacity building programmes will be
conducted for 1500 Bangladeshi civil officers at New Delhi-based National Centre for
Good Governance (NCGG), India’s premier institution for good governance. The
programmes will be spread over a period of 5 years from 2025-2030. NCGG conducts
capacity building programmes for middle management, senior management and faculty development covering New
Paradigms of Governance like project management, public procurement, blue economy, and food processing. In partnership
with the Ministry of External Affairs (MEA), the institution has imparted training to civil servants of 17 countries so far -
Bangladesh, Kenya, Tanzania, Tunisia, Seychelles, Gambia, Maldives, Sri Lanka, Afghanistan, Laos, Ethiopia, Eretria, Vietnam,
Nepal, Bhutan, Myanmar and Cambodia. {Read more}
Smart Points:
• DARPG (India) + Ministry of Public Administration (Bangladesh) = renewed existing agreement to conduct capacity
building programmes for 1500 Bangladeshi civil officers at NCGG, New Delhi
• These programmes will be spread over a period of 5 years from 2025-2030
• NCGG + MEA = have so far imparted training to civil servants of 17 countries
• DARPG – works under the Ministry of Personnel, Public Grievances & Pensions
• Bangladesh – Dhaka – Taka | PM – Seikh Hasina | President – Mohammed Shahabuddin
2. Ministry of Mines and Shakti Sustainable Energy Foundation signed an MoU aimed
at providing knowledge support in the field of critical minerals. Critical minerals are
those minerals that are essential for India’s economic development, national security,
and low-carbon energy transition i.e., Cobalt, Copper, Graphite, Lithium, Nickel,
Potash, Silicon, Titanium, etc. The MoU was signed on the sidelines of the two-day
“Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” event
held at the India Habitat Centre, New Delhi. The event featured exhibition pavilions
showcasing a diverse array of minerals sourced from both terrestrial and marine
environments. In June 2023, India identified 30 critical minerals taking into account its requirements for sectors like defence,
agriculture, energy, pharmaceutical, and telecom. {Read more}
Smart Points:
• “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” – held in New Delhi
• Ministry of Mines + Shakti Sustainable Energy Foundation = MoU for providing knowledge support for critical minerals
• Critical Minerals:
- essential for India’s economic development, national security & low-carbon energy transition
- i.e., Cobalt, Copper, Graphite, Lithium, Nickel, Potash, Silicon, Titanium
• In June 2023, India identified 30 critical minerals for various sectors like defence, agriculture, energy, pharmaceuticals,
and telecom
• Minister of Coal & Mines: Pralhad Joshi | Constituency – Dharwad, Karnataka
• MoS in Ministry of Coal & Ministry of Mines: Danve Raosaheb Dadarao
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3. NHPC Limited, the largest organization for hydropower development in India, has signed an MoU with M/s Ocean Sun, a
Norwegian company operating as a technology provider to the floating solar industry. As per the MoU, NHPC and Ocean
Sun will explore key areas of cooperation for demonstration of Ocean Sun’s floating solar energy technology based on
photovoltaic panels. The panels would be mounted on hydro-elastic membranes, at relevant sites to be identified by NHPC.
The MoU was signed in hybrid mode. {Read more}
Smart Points:
• NHPC + Ocean Sun (Norway) = MoU to explore areas of cooperation for demonstration of floating solar energy tech.
• The panels would be mounted on hydro-elastic membranes
• HQs of NHPC – Faridabad, Haryana | MD & Chairman – Rajendra Prasad Goyal
• HQs of Ocean Sun – Oslo, Norway | CEO – Kristian Tørvold | Established in – 2016
4. The Indian government and the UK government are planning to sign an agreement to develop a Maritime Electric
Propulsion System in India to power domestic warships. Indian warships are currently powered by diesel engines, gas
turbines or steam turbines. The electric propulsion capability is meant to power larger warships with a displacement of over
6,000 tonnes. UK’s GE Power Conversion and Bharat Heavy Electricals Ltd (BHEL) have signed an MoU on developing the
‘Integrated Full Electric Propulsion System’. {Read more}
Smart Points:
• India + UK = to sign agreement to develop a Maritime Electric Propulsion System in India to power domestic warships
• Currently, Indian warships are powered by diesel engines, gas turbines or steam turbines
• Electric propulsion capability – to power larger warships with a displacement of over 6,000 tonnes
• GE Power Conversion (UK) + BHEL = an MoU to develop ‘Integrated Full Electric Propulsion System’
• HQs of BHEL – New Delhi | Chairman & MD – Koppu Sadashiv Murthy
• UK – London – Pound Sterling | PM – Rishi Sunak (57th) | New King – King Charles lll
5. Tata Steel Special Economic Zone Limited (TSSEZL) and HHP Five Private Limited (Hygenco) have signed an MoU to
establish a green hydrogen and green ammonia project at TSSEZL’s Gopalpur Industrial Park (GIP) in Odisha’s Ganjam district.
Under the agreement, Hygenco will acquire land in Ganjam district to establish its green hydrogen, green ammonia, and
derivatives unit. Hygenco, known for producing low-cost green hydrogen, aims to produce 1 million tonnes per annum (1
MnTPA) from this plant in phases, with the initial phase scheduled for commissioning by December 2026. Hygenco has
already secured several long-term off-take agreements for green hydrogen in India, including India’s first megawatt scale
plant in Hisar, Haryana. Amit Bansal is the Founder & CEO of Hygenco. {Read more}
Smart Points:
• TSSEZL + Hygenco = an MoU to establish a green hydrogen & green ammonia project in Ganjam, Odisha
• Hygenco will acquire land in Ganjam to establish its green hydrogen, green ammonia & derivatives unit
• Aim of Hygenco: To produce 1 MnTPA from this plant
• Hygenco – also secured India’s first megawatt scale plant in Hisar, Haryana
• HQs of TSSEZL – Bhubaneshwar, Jharkhand | MD – Manikanta Naik | Established in – 2006
• HQs of Hygenco – Gurugram, Haryana | Founder & CEO – Amit Bansal | Established in – 2020
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6. Girish Chandra Murmu, the Comptroller and Auditor General of India (CAG), has signed an MoU with Toyam Raya, Auditor
General of Nepal. The agreement aims to enhance collaboration and exchange of expertise in the field of auditing between
the two countries’ Supreme Audit Institutions (SAIs). Through this MoU, a platform will be established for capacity
development, knowledge exchange, and mutual assistance in conducting audits. {Read more}
Smart Points:
• Girish Chandra Murmu (CAG) + Toyam Raya (Auditor General of Nepal) = an MoU to enhance collaboration and
exchange of expertise in the field of auditing
• Nepal – Kathmandu – Nepalese Rupee | President – Ram Chandra Poudel | PM – Pushpa Kamal Dahal ‘Prachanda’
7. RailTel Corporation of India Limited and Quadrant Future Tek Limited signed an MoU for exploring and delivering
‘KAVACH’ implementation projects in India as well as other countries. KAVACH is an indigenously developed automatic train
protection (ATP) system of the Indian Railways. It is a highly technology intensive system that requires safety certification
of the highest order. The system was adopted as a “National ATP System” by the Ministry of Railways in July 2020. Quadrant
Future Tek Limited is under the process of final approval by the Research Design and Standards Organisation (RDSO) as an
OEM (original equipment manufacturer) for the KAVACH project. {Read more}
Smart Points:
• RailTel + Quadrant Future Tek = an MoU for exploring and delivering ‘KAVACH’ implementation projects
• KAVACH – an indigenously developed automatic train protection (ATP) system of the Indian Railways
- It was adopted as a “National ATP System” by the Ministry of Railways in July 2020
• HQs of RailTel – New Delhi | CMD – Sanjai Kumar
• HQs of Quadrant Future Tek – Mohali, Punjab | Founder & MD – Mohit Vohra
8. REC Limited, a Maharatna Central Public Sector Enterprise and an NBFC under the Ministry
of Power, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL),
under which REC will provide CVPPL with the financial assistance of Rs 1,869.265 crores as term
loan. The loan will be utilised for development, construction and operation of the greenfield
4x156 MW Kiru Hydro Electric Project on river Chenab, in Kishtwar district of Jammu and
Kashmir. The 624 MW Kiru Hydro Electric Project is a run-of-river scheme. CVPPPL is a Joint
Venture Company between NHPC (51%) and J&K State Power Development Corporation (49%). {Read more}
Smart Points:
• REC Ltd + Chenab Valley Power Project = an agreement under which REC will provide CVPPL with Rs 1,869.265 Cr
• Loan given for: 624 (4x156) MW Kiru Hydro Electric Project on river Chenab in Kishtwar, J & K
• CVPPPL – a JV between NHPC (51%) & JKSPDC (49%)
9. Chandigarh University has become the first Indian university to sign an MoU with the US-based Harvard University to start
a collaborative business management program and provide aspiring business students international exposure and
perspective. Under the collaboration, Chandigarh University students will be taught by the faculty of Harvard University’s
Business School for a semester under this online MBA programme. Harvard University faculty will also provide their course
material and other educational materials during the semester to the Chandigarh University students. Satnam Singh is the
Chancellor of Chandigarh University. {Read more}
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Smart Points:
• Chandigarh University – become 1st Indian university to sign an MoU with Harvard University to start a collaborative
business management program
• Chandigarh University students will be taught by the faculty of US-based Harvard University’s Business School
• Chancellor of Chandigarh University – Satnam Singh
10. Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) have signed an MoU to collaborate
in offering seamless and cost-effective end-to-end logistics service to customers. CONCOR is a leading logistics service
provider in the country with pan India presence at more than 60 container terminals. PSA MESA is a wholly owned subsidiary
of PSA International, a leading global port operator and trusted supply chain partner to cargo stakeholders operating four
maritime container terminals and two container freight stations in India. {Read more}
Smart Points:
• CONCOR + PSA MESA = an MoU for offering seamless & cost-effective end-to-end logistics service to customers
• HQs of CONCOR – New Delhi | CMD – V. Kalyana Rama | Founded in – 1988
• HQs of PSA International – Singapore | CEO – Tan Chong Meng
11. Fship, a tech-driven logistics platform, has partnered with the India Post to benefit
Direct-to-Consumer (D2C) startups, small and medium businesses (SMBs), and MSMEs
across India by enhancing last-mile delivery services for e-commerce products. The
Indian logistics market is set to grow at 8.8% annually to reach $484.43 billion by 2029,
while the e-commerce market is expected to hit $18.81 trillion by the same year, with a
15.80% CAGR. Ashutosh Bharti is the Founder and CEO of Fship Logistics. {Read more}
Smart Points:
• Fship + India Post = partnership to benefit Direct-to-Consumer (D2C) startups, SMBs & MSMEs across India
• Indian logistics market is set to reach $484.43 billion by 2029 (with a CAGR of 8.8%)
• e-commerce market is set to reach $18.81 trillion by 2029 (with a CAGR of 15.80%)
• HQs of Fship – Ghaziabad, Uttar Pradesh | Founder & CEO – Ashutosh Bharti
• HQs of India Post – New Delhi | Works under – Dept. of Post | Minister responsible – MoS for Communications
12. Jindal Steel & Power (JSP) has signed an MoU with the Indian Coast Guard (ICG) for providing indigenous marine-grade
steel to the shipbuilding industry in order to enhance the indigenous content in India’s shipbuilding activities. The entire
process, from booking to delivery, will be covered by the ICG. JSP will use its designated steel plants to manufacture the
product and provide it to the ICG in a timely manner. {Read more}
Smart Points:
• Jindal Steel & Power + ICG = an MoU for providing indigenous marine-grade steel to shipbuilding industry
• Aim: To enhance indigenous content in India’s shipbuilding activities
• HQs of Jindal Steel & Power – New Delhi | Chairman – Naveen Jindal | MD – Bimlendra Jha
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13. India and Moldova have signed a visa waiver agreement which will allow diplomatic and official
passports holders of either country to travel to the other without a visa. The agreement was signed in
New Delhi by Pavan Kapoor, Secretary (West) of the Ministry of External Affairs (MEA) and Ana Taban,
ambassador of Moldova. Moldova is an Eastern European country with its capital based in Chisinau.
{Read more}
Smart Points:
• India + Moldova = signed a visa waiver agreement
• Moldova – Chișinau – Moldovan leu | PM – Dorin Recean | President – Maia Sandu
14. Indian Rubber Manufacturers Research Institute (IRMRI) and Emertech

Innovations Pvt Ltd announced the successful completion of India’s first initiative
to incorporate blockchain innovations across the rubber sector. Blockchain
technology enhances the rubber industry by ensuring the verifiability and security
of certification credentials and streamlining the validation process for skilled
professionals. The successful integration of blockchain technology into the IRMRI
Skill Certification Program is expected to inspire similar innovations across other
sectors, showcasing the versatility and potential of blockchain in enhancing industry standards and operational efficiencies.
Gaurav Somwanshi is the Co-founder and CEO of Emertech Innovations. While Dr. Rajkumar K. is the Director of IRMRI.
{Read more}
Smart Points:
• IRMRI + Emertech Innovations = successfully completed India’s 1st initiative to incorporate blockchain innovations across
the rubber sector
• HQs of Emertech Innovations – Mumbai, Maharashtra | Co-founder & CEO – Gaurav Somwanshi
• HQs of IRMRI – Mumbai, Maharashtra | Director – Dr. Rajkumar K.
15. Dronetech startup, Marut Drones, has entered into a strategic partnership with Indian
Farmers Fertilizer Cooperative Limited (IFFCO) to provide Drone as a Service (DaaS). As part
of this, Marut will take up a large-scale drone operation of spraying fertilisers across 5 lakh
acres of farmland in Telangana and Andhra Pradesh. Similarly, IFFCO has also signed an
agreement with Drone Destination to collaborate for drone spray over an area of up to 30
lakh acres. As part of this pact, Drone Destination will undertake drone spray in 12 states
including Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Madhya Pradesh,
Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand. Chirag Sharma is the MD & CEO of Drone
Destination. {Read more}
Smart Points:
• Marut Drones + IFFCO = entered into a strategic partnership to provide Drone as a Service (DaaS)
- Marut will be engaged into drone operation of spraying fertilisers across 5 lakh acres of farmland in Telangana & AP
• IFFCO + Drone Destination = collaborated for drone spray over an area of up to 30 lakh acres in 12 states
• HQs of IFFCO – New Delhi | Chairman – Dileep Sanghani
• HQs of Marut Drones – Hyderabad, Telangana | Founder – Prem Kumar Vislawath
• HQs of Drone Destination – New Delhi | MD & CEO – Chirag Sharma
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16. Anandana, The Coca-Cola India Foundation, announced its first ever partnership with Hockey
India, for the ‘National Women’s Hockey League 2024’. The 1st Phase of the tournament
commenced on April 30, and it concluded on May 9 2024, in Ranchi, Jharkhand. The 3-year
collaboration underscores its role in positively shaping the sports and gender equality landscape.
The partnership also aligns with the company’s “#SheTheDifference” campaign, an initiative to
celebrate, uplift, and support women. Rajiv Gupta is the Director of The Coca-Cola India Foundation. {Read more}
Smart Points:
• Anandana + Hockey India – partnered for ‘National Women’s Hockey League 2024’ for 3 years
• 1st Phase of tournament commenced on April 30 & concluded on May 9 2024, in Ranchi, Jharkhand
• “#SheTheDifference” – Anandana’ campaign to celebrate, uplift & support women
• HQs of Anandana – Gurugram, Haryana | Chairman – Justice Rajendra Mal Lodha
17. Germany-based Springer Nature has agreed a landmark Transformative Agreement (TA) with the Department of Atomic
Energy (DAE), India. The agreement marks the first TA by any publicly funded department in India. As part of this
collaboration, both Springer Nature and DAE will work together to promote open access principles and remove barriers to
the dissemination of scholarly research. The deal will allow all 50+ centers affiliated to the DAE to read and publish Gold
Open Access (OA). The DAE, established on August 3, 1954, is under the Prime Minister's Office (PMO) and is an independent
department of the Government of India. {Read more}
Smart Points:
• Springer Nature + DAE (India) = a landmark Transformative Agreement (TA) to promote open access principles & remove
barriers to the dissemination of scholarly research
• The agreement marks the first TA by any publicly funded department in India
• HQs of Springer Nature – Berlin, Germany | CEO – Frank Vrancken Peeters
18. Indian Coast Guard (ICG) and Hindalco Industries have signed an MoU for the manufacturing and supply of indigenous
marine-grade aluminium to Indian public and private shipyards for the construction of ships. The MoU will also provide
benefits such as quarterly pricing, priority in supplies and Turnover discount. The ICG fleet is presently operating 67 ships
with aluminium hull with capability of operating in shallow waters. {Read more}
Smart Points:
• ICG + Hindalco Industries = an MoU for manufacturing & supply of indigenous marine-grade aluminium to Indian public
& private shipyards for construction of ships
• ICG fleet – presently operating 67 ships with aluminium hull
• HQs of Hindalco Industries Ltd – Mumbai | Chairman – Kumar Mangalam Birla
https:// /#
19. Ministry of Skill Development and Entrepreneurship (MSDE) has signed an MoU with Mahindra & Mahindra Ltd to
conduct two Pilot Projects under the ‘Drone Didi Yojana’. Under this partnership, MSDE and M&M will conduct two Pilot
Projects at the National Skill Training Institute (NSTI), situated in Hyderabad and Noida, to skill 500 women in exclusive
batches of 20 women each. The 15-day curriculum, approved by the Directorate General of Civil Aviation (DGCA), will be
delivered through Remote Pilot Training Organisation (RPTO) instructors at these Centres. The Pilot Projects under the Drone
Didi Yojana represents a first-of-its-kind convergence of women, farming and technology. M&M will soon roll out Drone
training for women at the company’s skilling centres at Zaheerabad, Telangana, and Nagpur, Maharashtra. Launched earlier
this year, Drone Didi scheme aims to train 15,000 women to operate drones for agricultural purposes such as fertilising the
crop, monitoring crop growth and planting seeds, thereby creating new livelihood opportunities for women through
imparting skills in new technology areas. {Read more}
Smart Points:
• MSDE + M&M = an MoU to conduct two Pilot Projects under the ‘Drone Didi Yojana’ at NSTI, in Hyderabad & Noida
• 15-day curriculum – approved by DGCA & will be delivered through Remote Pilot Training Organisation instructors
• It represents a first-of-its-kind convergence of women, farming & technology
• M&M – will soon roll out Drone training for women at Zaheerabad (Telangana) & Nagpur (Maharashtra)
• Drone Didi scheme – aims to train 15,000 women to operate drones for agricultural purposes
• HQs of M&M – Mumbai, Maharashtra | Chairman – Anand Mahindra | CEO – Anish Shah | Founded – 1945
• Minister of Skill Development & Entrepreneurship: Dharmendra Pradhan | Constituency – Madhya Pradesh
• MoS in Ministry of Skill Development & Entrepreneurship: Rajeev Chandrasekhar
20. Bharti Airtel (Airtel) and Google Cloud have entered into a long-term collaboration to deliver cloud solutions to Indian
businesses, offering a suite of cutting-edge cloud solutions from Google Cloud to fast-track cloud adoption and
modernisation for Airtel’s customers. In addition, Airtel will provide a suite of cloud managed services to its customer base
of more than 2,000 large enterprises and 1-million emerging businesses. Through this collaboration, the two companies are
targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027. {Read
more}
Smart Points:
• Bharti Airtel + Google Cloud = a long-term collaboration to deliver cloud solutions to Indian businesses
• Indian public cloud services market is expected to reach $17.8 billion by 2027
• HQs of Bharti Airtel – New Delhi | MD & CEO – Gopal Vittal | Chairman – Sunil Bharti Mittal
21. ReNew has signed an MoU with European bank, Societe Generale, for up to $1 billion financing as debt and advisory
solutions over the next 3 years. Both parties will leverage their respective expertise to strengthen the collaboration on utility-
scale energy projects including solar, wind, complex renewables, green hydrogen, energy storage and solar modules
manufacturing. ReNew has a clean energy portfolio of 15.6 GW on a gross basis as of May 9, 2024. {Read more}
Smart Points:
• ReNew + Societe Generale (Europe) = an MoU for up to $1 bn financing as debt & advisory solutions over next 3 years
• ReNew – has a clean energy portfolio of 15.6 GW on a gross basis (as of May’24)
• HQs of ReNew Power – Gurugram, Haryana | MD & Chairman – Sumant Sinha
https:// /#
22. India and Oman collaborated for joint research works and capacity building in elasmobranch research, in a move to boost
research and conservation of sharks and rays in the Arabian Sea. As part of this, marine experts from both countries will
gather at ICAR-Central Marine Fisheries Research Institute (CMFRI) in Kochi to attend a joint workshop for mutual
knowledge-sharing on elasmobranch taxonomy, fisheries management, and conservation. The workshop is coordinated by
the India-Shark & Ray Lab of the Finfish Fisheries Division of CMFRI. {Read more}
Smart Points:
• India + Oman = collaboration for joint research works & capacity building in elasmobranch research
• Aim: To boost research & conservation of sharks & rays in the Arabian Sea
• Joint workshop for mutual knowledge-sharing – at ICAR-CMFRI in Kochi, Kerala
• Workshop coordinated by – India-Shark & Ray Lab of Finfish Fisheries Division of CMFRI
• Oman – Muscat – Rial | Sultan – Haitham bin Tariq Al Said
• HQs of ICAR-CMFRI – Kochi, Kerala | Director – A. Gopalakrishnan
23. The Kochi Metro Rail Ltd announced its partnership with Google to enhance digital ticketing
options for metro users in the city. With this, Kochi Metro became the first metro rail in India
that is available on Google Wallet. The integration of services is powered by Prudent
Technologies. This collaboration represents a leap forward in enhancing the travel experience
for our metro users, providing them with a streamlined and convenient way to access tickets
and navigate transit network. {Read more}
Smart Points:
• Kochi Metro Rail + Google = partnership to enhance digital ticketing options for metro users in the city
• With this, Kochi Metro became 1st metro rail in India that is available on Google Wallet
• The integration of services is powered by – Prudent Technologies
24. The Department of Animal Husbandry & Dairying (DAHD), under Ministry of Fisheries, Animal Husbandry & Dairying, has
signed an MoU with the United Nations Development Programme (UNDP) India on Digitalization of Vaccine Cold Chain
Management, Capacity Building, and Communication Planning. UNDP and DAHD will jointly work on Strengthening Animal
Health with One Health approach at centre. This step will contribute to creation of a digital future via digitalization and
remote temperature monitoring of cold chain by UNDP India. Currently, DAHD is supplying FMD (Foot and Mouth diseases)
vaccine worth approximately Rs 900 Crore this year and aims to cover 50 Crore large animals and 20 Crore small animals in
FMD vaccination programme. {Read more}
Smart Points:
• DAHD + UNDP India = an MoU on Digitalization of Vaccine Cold Chain Management, Capacity Building & Communication
Planning
• They will jointly work on Strengthening Animal Health with One Health approach at centre
• Currently, DAHD is supplying FMD (Foot & Mouth diseases) vaccine worth Rs 900 Cr this year
• It aims to cover 50 Crore large animals & 20 Crore small animals in FMD vaccination programme
• Minister of Fisheries, Animal Husbandry & Dairying: Parshottam Rupala | Constituency – Gujarat
MoS in Ministry of Fisheries, Animal Husbandry & Dairying: Dr. Sanjeev Kumar Balyan & Dr. L. Murugan
https:// /#
25. NTPC’s arm NTPC Green Energy has entered into a pact with Mahatma Phule Renewable Energy
and Infrastructure Technology (MAHAPREIT) for development of renewable energy parks and projects
in Maharashtra. The agreement was signed between Rajiv Gupta CEO of NTPC Green Energy Ltd
(NGEL), and Amol Shinde, CMD of MAHAPREIT. The agreement envisages joint development of grid-
connected renewable energy park and projects including solar, wind, hybrid etc. and/or solutions
thereof up to 10 GW in Maharashtra. NTPC is India’s largest power utility having total installed generation capacity of more
than 76 GW. The NTPC group aims to achieve 60 GW of renewable energy (RE) capacity by 2032. It currently has 3.5 GW of
installed RE capacity and 28-plus GW under pipeline. MAHAPREIT is a wholly-owned subsidiary of Mahatma Phule Backward
Class Development Corporation (MPBCDC). {Read more}
Smart Points:
• NTPC Green Energy + MAHAPREIT = a pact for development of renewable energy parks and projects in Maharashtra
• NTPC is India’s largest power utility having total installed generation capacity of more than 76 GW
• NTPC group aims to achieve 60 GW of renewable energy (RE) capacity by 2032
• HQs of NTPC – New Delhi | CMD – Gurdeep Singh | Founded in – 1975
26. The All India Council for Technical Education (AICTE), under the Ministry of Education, partnered
with Skillible, a technology platform for experiential learning, to launch a first-of-its-kind initiative
“SAMBAV” (Skillible’s Academic Model for Business-To-Academic Ventures) to upskill and reskill 1
million students and professionals in new-age technologies in India. The SAMBAV programme will
initially offer specialisation in software development, Artificial Intelligence, cybersecurity, and
salesforce development, with ambitious plans to expand into additional high-demand technology
domains, ensuring students remain at the forefront of emerging trends and innovations. {Read more}
Smart Points:
• AICTE + Skillible = partnered to launch “SAMBAV” to upskill & reskill 1 million students & professionals in new-age
technologies in India
• Focus areas – software development, AI, cybersecurity, & salesforce development
• “SAMBAV” – Skillible’s Academic Model for Business-To-Academic Ventures
• HQs of AICTE – New Delhi | Chairman – T. G. Sitharam (AICTE functions under Ministry of Education)
• HQs of Skillible – Noida, UP | CEO – Ankur Goel
27. Agriculture Insurance Company of India Ltd (AIC) has signed an MoU with CSC e-Governance
Services India Ltd (CSC) to extend its services to the Livestock Insurance segment by widening
the reach of AIC’s innovative cattle insurance product, “Sampoorna Pashudhan Kawach”.
Sampoorna Pashudhan Kawach is a comprehensive insurance Product tailored specifically for
cattle farming, designed to safeguard farmers’ livestock against unforeseen risks. Through this
MoU, CSC will serve as a pivotal distribution channel, leveraging its extensive network of around
6 lakh Common Service Centres (CSCs) spread across the nation. {Read more}
Smart Points:
• AIC + CSC = an MoU to extend its services to the Livestock Insurance segment by widening the reach of AIC’s innovative
cattle insurance product, “Sampoorna Pashudhan Kawach”
• HQs of AIC – New Delhi | CMD – Girija Subramanian
https:// /#
28. ReNew Energy Global PLC (ReNew) has signed an MoU with France-based Societe Generale
to support the financing and development of its strategic energy transition projects in India and
globally. The agreement involves up to $1 billion of support over the next 3 years, primarily
through debt financing and advisory solutions. Under the agreement, they will focus on utility-
scale energy projects, including solar, wind, complex renewables, green hydrogen, energy storage, and solar module
manufacturing. {Read more}
Smart Points:
• ReNew + Societe Generale (France) = an MoU to support the financing & development of its strategic energy transition
projects in India & globally
• The agreement involves up to $1 billion of support over the next 3 years
• HQs of ReNew Energy Global Plc – Gurugram, Haryana | MD & Chairman – Sumant Sinha
29. RITES Limited, the export division of Indian Railways, has signed an agreement with
Bangladesh Railways to provide 200 broad-gauge passenger carriages. RITES has secured
a $11.26 million (approx Rs 915 Crore) deal financed by European Investment Bank, via an
international competitive bidding process. As per the agreement, the supply of coaches
with a commission period of 36 months has been made and will have a two-year warranty
period. {Read more}
Smart Points:
• RITES – signed an agreement with Bangladesh Railways to provide 200 broad-gauge passenger carriages
• RITES has secured a $11.26 million (Rs 915 Cr) deal financed by European Investment Bank
• HQs of RITES Limited – Gurugram, Haryana | Chairman & MD – Rahul Mithal
• Bangladesh – Dhaka – Taka | PM – Seikh Hasina | President – Mohammed Shahabuddin
30. The ICAR-CIBA (Central Institute of Brackishwater Aquaculture), Chennai, and Guwahati University, Assam, have signed
an MoU for collaborative research on aquaculture and for implementing the Development of Livelihood Business Incubators
(LBI) for the youth and farmers of North East region of India under ASPIRE scheme. These initiatives will help the farmers
and entrepreneurs in developing and implementing this technology as a business model. A Scheme for Promotion of
Innovation, Rural Industries and Entrepreneurship (ASPIRE) aids to set up a network of technology centres and to set up
incubation centres to accelerate entrepreneurship and also to promote startups for innovation in agro-industry. The scheme
was launched in March 2015 by the Ministry of Micro, Small and Medium Enterprises (MSMEs). {Read more}
Smart Points:
• ICAR-CIBA + Guwahati University = an MoU for collaborative research on aquaculture & implementing Development of
Livelihood Business Incubators for youth & farmers of North East region under ASPIRE Scheme
• ASPIRE – A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship
• HQs of ICAR – New Delhi | DG – Himanshu Pathak | Established in – 1929
• HQs of ICAR-CIBA – Chennai, Tamil Nadu | Director – Kuldeep K. Lal
31. The National Skill Development Corporation (NSDC) and AVPL International have signed an MoU to establish 70 skills
and incubation hubs for global employment in drone, IoT, agriculture and allied sectors across India. Under this partnership,
AVPL International will upgrade the existing training facilities at 50 locations to Global Skills and Incubation Hubs (GISH)
across 12 Indian States. These hubs will offer certificate courses from prestigious institutions such as the Indian Institutes of
Technology (IITs) and Indian Institutes of Management (IIMs), in collaboration with the NSDC Academy. The initiative aims
to train 1,40,000 candidates annually. Deep Sihag Sisai is the Founder and MD of AVPL International. {Read more}
https:// /#
Smart Points:
• NSDC + AVPL International = an MoU to establish 70 skills & incubation hubs for global employment in various sectors
• AVPL Int. will upgrade existing training facilities at 50 locations to Global Skills & Incubation Hubs across 12 States
• They will offer certificate courses from prestigious institutions such as IITs & IIMs, in collaboration with NSDC Academy
• HQs of NSDC – New Delhi | CEO – Ved Mani Tiwari | Chairman – A. M. Naik (works under MoSDE)
• HQs of AVPL International – Gurugram, Haryana | Founder & MD – Deep Sihag Sisai
32. Indian Army, in partnership with Indian Oil Corporation Limited (IOCL), has started demonstration trials of a Hydrogen
Fuel Cell Bus. The collaboration was formalized through an MoU signed by General Manoj Pande, Chief of the Army Staff,
and Shrikant Madhav Vaidya, Chairman of Indian Oil. The bus operates by converting hydrogen gas into electricity, leaving
water vapor as its only emission, thereby achieving zero emissions. This bus can accommodate 37 passengers and is capable
of traveling 250-300 km on a full tank of 30 kg hydrogen fuel. {Read more}
Smart Points:
• Indian Army + IOCL = an MoU for starting demonstration trials of a Hydrogen Fuel Cell Bus
• It is operated by converting hydrogen gas into electricity, leaving water vapor, achieving zero emissions
• HQs of IOCL – New Delhi | Chairperson – Shrikant Madhav Vaidya | Founded in – 1959
33. Ghana’s state-backed Next-Gen Infrastructure Company (NGIC) has partnered with Reliance Jio’s subsidiary Radisys,
Tech Mahindra and Nokia to build the necessary infrastructure for delivering affordable 4G & 5G mobile broadband services.
The overall contract’s worth is over $200 million. Ghana is a part of the 33-nation Smart Africa alliance. Jio’s rival in the local
market Bharti Airtel is one of the most prominent mobile network operators in the African continent. {Read more}
Smart Points:
• NGIC (Ghana) + Radisys (Jio) + Tech Mahindra + Nokia = to build necessary infrastructure for delivering affordable 4G &
5G mobile broadband services
• Contract’s worth – $200 million | Ghana – a part of 33-nation Smart Africa alliance
• Ghana – Accra – Cedi | President – Nana Akufo-Addo
34. Ministry of External Affairs (MEA), Ministry of Electronics and Information

Technology (MeitY), and CSC eGovernance Services India Limited have signed an
MoU to create a synergy between CSC SPV and MEA to provide the eMigrate
services through Common Services Centres (CSCs). The MoU was signed with the
intention of broadening safe and legal migration pathways, specifically to guard
against unscrupulous individuals taking advantage of Indian nationals seeking work
abroad. e-Migrate project, launched in 2015, is designed to facilitate emigration of
‘Emigration Check is Required (ECR)’ category workers emigrating to notified countries for employment purposes. The portal
provides for a contactless and paperless process for FEs (Foreign Employers) and RAs as a fully digitized B-2-B platform to
conduct recruitment process. {Read more}
Smart Points:
• MEA + MeitY + CSC eGovernance Services India Ltd = an MoU to create a synergy between CSC SPV & MEA to provide
eMigrate services through CSCs
https:// /#
• e-Migrate project – to facilitate emigration of ‘Emigration Check is Required’ category workers | Launched in – 2015
• Ministry of External Affairs: S. Jaishankar | Constituency – Gujarat
MoS in Ministry of External Affairs: Rajkumar Ranjan Singh, V. Muraleedharan & Meenakashi Lekhi
• Minister of Electronics & Information Technology: Ashwini Vaishnaw | Constituency – Odisha
• HQs of CSCs – New Delhi | MD & CEO – Sanjay Kumar Rakesh (works under – MeitY)
❖ Important Obituaries in May 2024:

• Subrahmanya Dhareshwar — Yakshagana Exponent (Karnataka Rajyotsava Award) (He earned the fame of
‘Bhagavata Shrestha’ for his scintillating voice.)
• Sudhir Kakar — a Renowned Writer & Cultural Critic (aka ‘Father of Indian Psychoanalysis’) (He received ‘Order of
Merit’, Germany’s highest federal award)
• Shaikh Abdussalam Abdurrazzaq — Urdu Litterateur & Academician (aka ‘Salam Bin Razzaq’)
(Sahitya Akademi Award (2004), Ghalib Award, Maharashtra Urdu Sahitya Akademi Award)
• Varugeese Koshy — Kerala’s first International Master
• Alice Munro (Canada) — an Author (Nobel Prize for literature in 2013, 3 Governor General’s Awards, Canada’s
highest literary honour)
• Surjit Singh Hunjan (‘Surjit Patar’) — a Renowned Punjabi Poet (Padma Shri in 2012, Saraswati Samman in 2009,
Kusumagraj Literary Award in 2014, Gyani Gurmukh Singh Musafir Poetry Award in 1980, Kartar Singh Dhaliwal
Award in 1985, Shiromni Punjabi Kavi Award in 1997)
• Kamla Beniwal — a Veteran Politician (Party - Congress)
(She served as the Governor of Gujarat, Tripura & Mizoram.)
• Malti Joshi — a Renowned Hindi Writer (Padma Shri in 2018)
• Ebrahim Raisi — President of Iran
• Narayanan Vaghul — a Doyen of Indian Banking (Padma Bhushan in 2009)
❖ Some Important Species Found in May 2024:

• “Stellaria mcclintockiae”, a new species of plant — discovered in Nelliyampathy hills in Kerala
• “Peucetia chhaparajnirvin”, a green lynx spider — discovered in Rajasthan
• “Batillipes chandrayaani”, new species of marine tardigrade — discovered in Tamil Nadu
• “Glyptothorax punyabratai”, a new species of catfish — discovered in Arunachal Pradesh
• “Ablennes joseberchmansis” & “Ablennes gracalii”, two new species of needlefish — identified by ICAR-Central
Marine Fisheries Research Institute (CMFRI) in Indian waters
• “Uniyala multibracteata”, a rare tree species — rediscovered in Wagamon Hills, Kerala
• “Ligdus Garvale”, a new species of spider — discovered in Karnataka
https:// /#
• “Leopardus pardinoides (clouded tiger cat)”, a new species of wild cat — identified in Brazil
• “Phtheirospermum lushaiorum”, a rare hemi-parasitic terrestrial plant — discovered in Phawngpui National Park,
Mizoram
• “Sri Lankan golden-backed frog” — rediscovered in Koundinya wildlife sanctuary, Andhra Pradesh
• “Emblica chakrabartyi”, a new species of plant — discovered within Edamalayar forest range of Kerala
• “Oedocladium sahyadricum”, a new species of algal — found in Kerala
❖ F1 Grand Prix (GP) winners in May 2024:

• Miami Grand Prix 2024 — Lando Norris (British-Belgian - McLaren)
• Monaco Grand Prix — Charles Leclerc (Ferrari)
❖ Some Important Acquisitions & Mergers in May 2024:

• Global alternative firm, Investcorp, has entered into an agreement to acquire NSEIT, the digital technology business
of the National Stock Exchange (NSE) for a total consideration of Rs 1,000 crore.
• The board of Shriram Finance Ltd (SFL) has approved the sale of its subsidiary Shriram Housing Finance Ltd (SHFL)
to Warburg Pincus which secured its largest deal in India, buying SHFL for ₹4,630 crore.
• Hinduja Group’s IndusInd International Holdings (IIHL) has received the long-awaited approval from the Insurance
Regulatory and Development Authority of India (IRDAI) for the acquisition of Reliance Capital. The acquisition will
include the takeover of Reliance Capital’s insurance arms -Reliance General Insurance and Reliance Nippon Life
Insurance (a 51:49 JV with Nippon Life).
• Adani Energy Solutions (AESL) has completed the acquisition of a 100% stake in Essar Transco for Rs 19 billion ($227.5
million).
• State Bank of India (SBI) has announced to acquire a 6.125% stake in CCIL IFSC Limited for ₹6.125 crore. The CCIL
IFSC will operate the foreign currency settlement system and act as a clearing house and system operator at the
International Financial Services Centre (IFSC) within the Gujarat International Finance Tec City (GIFT City). The
Clearing Corporation of India Ltd (CCIL) is promoting CCIL IFFSC. CCIL will have a 57.125% stake in the proposed
company.
• HDFC Bank offloaded its entire 3.2% stake in Protean eGov Technologies for Rs 150.16 crore via an open market
transaction. Protean eGov Tech, previously known as NSDL e-Governance Infra, is engaged in the business of
developing citizen-centric and population-scale e-governance solutions.
• HSBC, a leading global bank and financial services major, has acquired 6.125% equity stake in CCIL IFSC Limited (CCIL
IFSC). The investment value for this transaction stood at ₹6.125 crore.
• US-based Carlyle Group has divested nearly a 2% stake in Yes Bank for Rs 1,441 crore through an open market
transaction.
https:// /#
❖ Do not miss to study our “Smart Topic-wise PDF” that includes following topics in extra:
• National Parks / Wildlife Sanctuaries / Tiger Reserves
• Miscellaneous Current Static GK
• Appointments in One-liner form
• Awards in One-liner form
• India’s Ranks in various Reports/Indexes
• Venues of All Important Meetings/Summites/Conferences
• Latest GDP Predictions by various organisations
Important Books & Authors

“India - the Road to Renaissance: A Vision and an Agenda” Bhimeswara Challa
“India’s Nuclear Titans” Soumya Awasthi & Shrabana
(Copy received by - S. Jaishankar) Barua
“At The Wheel of Research: An Exclusive Biography of Dr. Soumya Swaminathan” Anuradha Mascarenhas
Important Days
International Labour Day or International Workers’ Day or May Day
(Theme - “To ensure Workplace Safety and Health amidst Climate Change”)
May 1
65th State Foundation Day of Maharashtra (founded in 1960)
Foundation Day of Gujarat or Gujarat Gaurav Din (Founded in 1960)
UN World Tuna Day (since 2016)
May 2 (A tuna is a saltwater fish that belongs to the tribe Thunnini.)
World Password Day (1st Thursday of May)
31st World Press Freedom Day
(Theme - “A Press for the Planet: Journalism in the Face of the Environmental Crisis”)
May 3
International Leopard Day
International Sun Day
Coal Miners Day
May 4 International Firefighters Day
International Drone Day
World Laughter Day
(Theme - “Laugh Together, Heal Together.”)
World Portuguese Language Day
International Day of the Midwife
May 5 (Theme - “Midwives: A Vital Climate Solution”)
World Hand Hygiene Day
World Cartoonist Day
African World Heritage Day
(Theme - “Safeguarding Africa’s Heritage through Education”)
International No Diet Day (symbol - light blue ribbon)
May 6
(Theme - “Embrace Yourself: Reject Diet Culture, Love You”)
https:// /#
World Athletics Day
(Theme - “World Mile Challenge”)
May 7 65th Raising Day of Border Roads Organisation (BRO)
World Asthma Day (1st Tuesday of May)
(Theme - “Asthma Education Empowers”)
World Red Cross and Red Crescent Day
(Theme - “Everything We do Comes #from the Heart” or “I Give with Joy, and the Joy I Give is a
Reward.”)
May 8
World Thalassaemia Day
(Theme - “Empowering Lives, Embracing Progress: Equitable and Accessible Thalassaemia Treatment
for All”)
The Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second
May 8-9
World War
UN International Day of Argania
(Argan tree is a native species of the sub-Saharan region of Morocco.)
May 10
World Lupus Day
(Lupus - an inflammatory disease caused when the immune system attacks its own tissues)
World Migratory Bird Day
(Theme - “Protect Insects, Protect Birds”)
26th National Technology Day (anniversary of successful nuclear test in Pokhran, Rajasthan, under
May 11 ‘Operation Shakti’ in 1998)
(Theme - “School to Startups-Igniting Young Minds to Innovate”)
World Fair Trade Day
(Campaign Theme - “#BusinessRevolution!”)
International Day of Plant Health
(Theme - “Plant Health, Safe Trade, Digital Technology”)
International Nurses Day (birth anniversary of Florence Nightingale)
May 12
(Theme - “Our Nurses. Our Future. The Economic Power of Care.”)
Mother’s Day
International Awareness Day for Chronic Immunological and Neurological Diseases
International Day of Families
May 15
(Theme - “Families and Climate Change”)
UN International Day of Living Together in Peace
International Day of Light - by UNESCO
(The day commemorates the first successful operation of the laser by physicist and engineer
May 16 Theodore Maiman in 1960.)
National Dengue Day
(Theme - “Dengue Prevention: Our Responsibility for a Safer Tomorrow.”)
49th Statehood Day of Sikkim
World Telecommunication and Information Society Day
(Theme - “Digital Innovation for Sustainable Development”)
National Endangered Species Day
May 17
(Theme - “Celebrate Saving Species”)
World Hypertension Day
(Theme - “Measure Your Blood Pressure Accurately, Control It, Live Longer!”)
International Museum Day
May 18
(Theme - “Museums for Education and Research”)
https:// /#
World AIDS Vaccine Day or HIV Vaccine Awareness Day
World Bee Day
May 20 (Theme - “Bee engaged with Youth”)
15th Foundation Day of Competition Commission of India (CCI)
UN International Tea Day
May 21 World Day for Cultural Diversity for Dialogue and Development
National Anti-Terrorism Day
International Day for Biological Diversity
May 22
(Theme - “Be Part of the Play”)
May 23 World Turtle Day
UN International Day of the Markhor
May 24
(Markhor - a national animal of Pakistan)
UN World Football Day
May 25
(The day marks 100th anniversary of the first international football tournament in history.)
May 25-31 Week of Solidarity with the Peoples of Non-Self-Governing Territories
World Hunger Day
(Theme - “Thriving Mothers, Thriving World”)
May 28
Menstrual Hygiene Day
(Theme - “Together for a #PeriodFriendlyWorld”)
International Everest Day
(The day honours Sir Edmund Hillary & Tenzing Norgay Sherpa who first climbed the Mt. Everest on
29 May 1953.)
May 29 International Day of Action for Women’s Health
(Theme - “Mobilizing in Critical Times of Threats and Opportunities”)
International Day of UN Peacekeepers
(Theme - “Fit for the Future, Building Better Together”)
Hindi Journalism Day
(1st Hindi newspaper ‘Udant Martand’ was started by Pt. Jugal Kishore Shukla on May 30, 1826)
May 30 International Day of Potato
(Theme - “Harvesting Diversity, Feeding Hope”)
Goa Statehood Day
World No-Tobacco Day
May 31
(Theme - “Protecting Children from Tobacco Industry Interference”)
https:// /#
ippines – Manila – Peso | President – Ferdinand Marcos Jr
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❖ Last Six Months’ Current Affairs PDFs & Mock Tests:

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3. The United Nations Development Programme (UNDP) launched “Climate Promise

4. The Gross Goods and Services Tax (GST) collections hit a

8. The growth in output of 8 key infrastructure industries, known as the core

• The survey covered 22 states & UTs

2. Indian-origin entrepreneur and pilot Gopichand Thotakura soared into space

8. Google’s DeepMind has introduced “TacticAI”, an AI system that

26. Kanpur-based Defence Materials and Stores Research and Development

51. GalaxEye, a Bengaluru-based space-tech startup developing the world’s first

2. The Goldman Environmental Foundation has announced 7 recipients of the

• Padma Bhushan (17):

• Books, Drama and Music:

3. Manipur government has launched the “School on Wheels” initiative

3. The Annual Meeting of the Defence Ministers of the Shanghai Cooperation

9. Dr Arunish Chawla, Secretary at Department of Pharmaceuticals, under

11. Ministry of Tourism participated in the “IMEX 2024” held in Frankfurt,

13. Henley & Partners, an international wealth migration specialist, in

14. Indian Rubber Manufacturers Research Institute (IRMRI) and Emertech

34. Ministry of External Affairs (MEA), Ministry of Electronics and Information

❖ Important Obituaries in May 2024:

❖ Some Important Species Found in May 2024:

❖ F1 Grand Prix (GP) winners in May 2024:

❖ Some Important Acquisitions & Mergers in May 2024:

Important Books & Authors

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