Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Current Affairs : Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev

The document Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev is a part of the Current Affairs Course Current Affairs & Hindu Analysis: Daily, Weekly & Monthly.
All you need of Current Affairs at this link: Current Affairs

Banking & Financial Awareness

1. The Ministry of Finance is set to provide what additional amount to State Governments as Interest free 50-year loan under Scheme of Financial Assistance to States for Capital Expenditure’ ______ Rs. 15,000 Crore.
Note:
➢ The loan will be provided to the States under ‘Scheme of Financial Assistance to States for Capital Expenditure’. The Scheme was launched in 2020.
➢ It aims to nudge States to spend more on infrastructure and incentivize disinvestment of State Public Sector Enterprises (SPSEs).
➢ The Guidelines for the scheme were released by the Department of Expenditure, Ministry of Finance.

2. What target has been set up by the central government for the food grain production in the crop year 2021-22 starting from July 2021 ______ 307.31 MT.
Note:

➢ The target of total food grains production for 2021-22 is set at a record 307.31 MT, comprising 151.43 MT in kharif season and 155.88 MT during rabi.
➢ In 2020-21, production was 303.34 MT, against the target of 301 MT.
➢ For 2021-22, the target for rice production has been fixed at 121.1 MT, wheat at 110 MT, pulses at 25MT, coarse cereals at 51.21 MT and oilseeds at 37.5MT.

3. Which company has partnered with Cryptocurrency exchange, Gemini & WebBank to launch a 1st of its kind, Cryptocurrency rewards credit card ______ Mastercard.
Note:

➢ Using this card, Clients will earn up to 3% in cryptocurrencies depending on their purchase.
➢ The rewards will be automatically deposited in the cardholder’s Gemini account in real time.
➢ There will be no annual fee for the card and there is a 24/7 live customer support
➢ This is a small metal card with only the cardholder’s name on it.

4. Which bank has launched the “Immune India Deposit Scheme” a special deposit scheme to provide an additional interest rate of 25 basis points in addition to the applicable card rate for the vaccinated people ______ Central Bank of India.
Note:
➢ The Immune India Deposit Scheme has a maturity of 1111 days.
➢ The senior citizens are also eligible for the extra interest as applicable.

5. According to a report by Brand Finance Insurance 100 2021 what is the position of LIC as the most valuable insurance brand globally ______ tenth.
Note:

➢ As per the report, the total value of the world’s top 100 most valuable insurance brands declined by 6% from $462.4 billion in 2020 to $433.0 billion in 2021.
➢ However, LIC’s brand value increased by almost 7% to $8.65 billion
➢ Brand Finance is a London-based brand valuation consultancy.

6. Which becomes the 3rd largest Indian IT services company by market capitalization of Rs 2.65 trillion ______ Wipro.
Note:

➢ TCS remains at the top of the list with a market cap of Rs. 11.51 trillion followed by Infosys.
➢ Wipro has also announced its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2040, in line with the objective of the Paris Agreement to cap temperature rise to 1.5 degree Celsius.
➢ The country’s third-largest largest software services company has set an intermediate target of 55 per cent reduction in GHG emissions by 2030 in absolute emission levels compared to its base year of 2016-17 (AprilMarch).

7. Motilal Oswal Private Equity (MOPE) has acquired a minority stake in which small finance bank for $ 25 million through a secondary acquisition ______ Fincare Small Finance Bank.
Note:

➢ The key investor in Fincare SFB, True North Fund V LLP got a partial exit from the firm after the deal of MOPE with Fincare SFB.
➢ The deal was done by one of the growth capital funds of MOPE called India Business Excellence Fund–III (it was managed and advised by MOPE).
➢ Secondary Acquisition – It means the acquisition of existing shares of the company by the trust on the platform of a recognised stock exchange for cash consideration.

8. Which public sector company has entered into the league of top 100 most valued companies in terms of market capitalization globally ______ SAIL.
Note:
➢ It regained market capitalisation (m-cap) of Rs 50,000 crore, after its stock climbed over 80 per cent in the past one and half month.
➢ SAIL stood at 78th position in the overall m-cap ranking with a market cap of Rs 55,529 crore.
➢ SAIL is one of the leading steel producers in India, which has 5 large integrated steel plants (Bhillai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant and IISCO) spread across 4 states in eastern India (Chattisgarh, Odisha, West Bengal and Jharkhand).

9. Which wind energy company has signed a Power Purchase Agreement with Solar Energy Corporation of India for supplying 540MW out of the total awarded capacity of 810 MW of blended wind power capacity ______ JSW Renew Energy.
Note:

➢ It is the single largest PPA for wind/blended wind power capacity awarded to a company.
➢ JSW Renew Energy won the contract for 810 MW of blended Wind Power Project in a competitive bidding done by SECI in September, 2020.
➢ India has set a target to raise the capacity of installed Renewable Energy (RE) generation plants to 450 GW by 2030.

10. The Reserve Bank of India (RBI) imposed a Rs 3 crore monetary penalty on which bank for contravention of certain directions issued by the RBI on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio ______ ICICI Bank.
Note:

➢ Cause for the Penalty: For shifting of securities in May 2017 from HTM (held to maturity) category to AFS (available for sale) without explicit permission.
➢ The penalty is intended only over the ICICI bank’s insufficiency in regulatory compliance and not over any agreement by the bank with its customers.

11. World Bank’s International Finance Corporation (IFC) has decided to make a debt investment of $150 million in which Non-Banking Financial Company in India ______ Bajaj Finance Limited.
Note:

➢ The loan is sanctioned for five years to essentially support micro, small and medium enterprises (MSME).
➢ Bajaj Finance will direct 3 times of its IFC’s loan towards the MSME segment thus enabling combined funding of $600 million/INR 4,530 crore towards MSME.

12. According to a new set of data released by the Organisation for Economic Cooperation and Development (OECD), what is the position of India as a recipient of FDI inflows in 2020 ______ Third.
Note:

➢ It dropped to USD 846 Billion, which is a 15-year low (lowest since 2005).
➢ India became the 3rd Largest Recipient of FDI inflows in 2020 with an inflow of USD 64 Billion.
➢ China became the largest Recipient of FDI (USD 212 Billion) overtaking the United States (USD 177 Billion) for the 2nd time in six years, while Luxembourg finished 4th.

13. According to a new set of data released by the Organisation for Economic Cooperation and Development (OECD), which country is the largest sources of FDI outflows in 2020 ______ Luxembourg.
Note:

➢ It dropped to USD 846 Billion, which is a 15-year low (lowest since 2005).
➢ India became the 3rd Largest Recipient of FDI inflows in 2020 with an inflow of USD 64 Billion.
➢ China became the largest Recipient of FDI (USD 212 Billion) overtaking the United States (USD 177 Billion) for the 2nd time in six years, while Luxembourg finished 4th.

14. Which steel company has been selected by the Andhra Pradesh government as Joint Venture partner to set up a steel plant in the Kadapa district ______ Essar Steel.
Note:

➢ The AP government has previously selected Liberty Steel India Limited as the JV partner for construction and development of the YSR Steel Plant.
➢ But that was cancelled based on the recommendation of SBICAP as Liberty steel India Limited was facing some financial issues.
➢ The steel plant will be set up with a capacity of 3 million tonne per annum for producing high grade Steel products.

15. What amount will be provided by the Reserved Bank of India for three years at the repo rate to small finance banks (SFBs) to lend individuals, small and medium enterprises (SMEs) ______ 10,000 crores.
Note:

➢ The RBI incentivised SFBs to lend microfinance institutions (MFIs) by granting priority sector lending status to such exposures.
➢ Credit will be up to 10 per cent of a bank’s priority-sector portfolio as of March 31, 2021.
➢ While the facility is there until March 31, 2022, loans disbursed will continue to be classified as priority-sector lending till the date of repayment/maturity, whichever is earlier.

16. The Micro-Finance Institutions (MFIs) of what asset size will be eligible for Small Finance Banks’ priority sector lending (PSL) ______ Rs. 500 crores.
Note:

➢ Currently, the SFB’s PSL is not permitted for MFIs for on-lending.
➢ This facility is made to be available up to March 31, 2022.

17. Which bank has been selected as the digital payments partner by the National Agriculture Market (eNAM) to facilitate online transactions for all stakeholders on the eNAM platform ______ Kotak Mahindra Bank.
Note:

➢ Under this partnership, the bank will provide payment, clearing and settlement services by integrating its payment system and portal directly with the payment interface of the eNAM platform to enable a trade facility between a buyer and seller (of agri produce).
➢ The eNAM online ecosystem will enable farmers with more power over pricing decisions, greater transparency and availability of financial support.

18. According to UN Study, Online share of retail sales jumps to how much percent amid lockdowns ______ 19%.
Note:

➢ Online sales accounted for 19% of overall retail sales in 2020, up from 16% a year earlier, according to estimates from the UN Conference on Trade and Development (UNCTAD) based on national statistical offices in major economies.
➢ South Korea reported the highest share at 25.9%, up from 20.8% the year before. China had a 24.9% share, Britain 23.3% and the United States 14.0%.

19. The Reserve Bank of India has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member. Where is the network located ______ Paris, France.
Note:

➢ The Network for Greening the Financial System (NGFS) is a network of 83 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role for climate change.
➢ The NGFS was created in 2017 and its secretariat is hosted by the Banque de France. Its current chair is Dutch central banker Frank Elderson.
➢ The NGFS has been awarded best green initiative of the year 2020 by Centralbanking.com.

20. Which company got the CCI nod to acquire 64.3% stake in BigBasket’s B2B arm Supermarket Grocery Supplies ______ Tata Digital.
Note:

➢ The commission said Supermarket Grocery Supplies may acquire sole control of Innovative Retail Concepts that operates BigBasket’s online retail unit.

Obituaries

1. Renowned personality Soli J Sorabjee passed away recently, he was former ______ Attorney General.
Note:

➢ Sorabjee was awarded Padma Vibhushan in 2002 for his defence of the freedom of expression and the protection of human rights.
➢ He was known for his contribution to the field of constitutional law.
➢ He had also helped India win in the International Court of Justice against Pakistan in the Atlantique downing case of 1999.

2. Renowned personality Pandit Debu Chaudhuri has passed away following COVID-19 related complications, he was a prominent ______ sitar maestro.
Note:

➢ Pandit Debu Chaudhuri had been awarded the Padma Bhushan in 1992 for his contribution to arts.
➢ He has also won the Padma Shri and Sangeet Natak Akademi Award
➢ He was also a teacher and writer, who penned six books.Apart from being an artist he was a disciple of Mushtaq Ali Khan.

3. National Awardee Karimanal Venkatesan Anand passed away at the age of 54 due to COVID-19 related complications, he was a veteran ______ cinematographer.
Note:

➢ KV Anand started his career as a photojournalist and later joined as an assistant of award-winning cinematographer PC Sreeram.
➢ He was the founding member of the Indian Society of Cinematographers (ISC).
➢ In 1994, He debuted as the cinematographer for the Malayalam film “Thenmavin Kombath” and won the National Film Award for Best Cinematography.

4. Renowned personality Amit Mistry passed away recently, he was a veteran ______ Film Actor.
Note:

➢ Actor Amit Mistry worked in TV shows like Tenali Rama, Madam Sir and played roles in many films likeYamla Pagla Deewana, Shor In The City.
➢ He was also actively involved in the theatre circuit especially in Gujarati shows. He had also acted in Gujarati films.
➢ Besides acting, he was also a dialogue writer and director. He was most recently seen playing the role of the protagonist’s uncle in the web series Bandish Bandits.

5. Renowned personality Manas Bihari Verma passed away recently, he was a veteran ______ Aeronautical Scientist.
Note:

➢ He worked as a scientist at the Defence Research Development Organization (DRDO) for 35 years in the aeronautical stream.
➢ He was given the responsibility for the design of the Tejas aircraft mechanical system, where he led the team responsible for the full-scale engineering development of the Tejas aircraft in the Aeronautical Development Agency (ADA).

6. Former Union minister Jagmohan Malhotra passed away recently he also served as governor of which state ______ Jammu and Kashmir.
Note:

➢ Jagmohan served two terms as the governor of Jammu and Kashmir.
➢ He had also served as the lieutenant governor of Delhi and governor of Goa.
➢ He belonged to BJP and served as the Union Minister for Urban Development and Tourism in Atal Bihari Vajpayeeled government.

7. Oscar-winning ‘Moonstruck’ actress Olympia Dukakis passed away, she held from which country ______ USA.
Note:

➢ Olympia Dukakis was an American actress, director, producer, teacher and activist who performed in over 130 stage productions, over 60 films and in 50 television series.
➢ She won an Oscar award in 1987 and won an Academy Award and a Golden Globe for her performance in Moonstruck.
➢ She has also won an Obie Award for Best Actress in 1963 for her performance in Bertolt Brecht’s Man Equals Man.

8. Renowned personality Abhilasha Patil passed away recently, she was veteran ______ Actor.
Note: 

➢ Actress Abhilasha Patil, who featured in films like ‘Good Newwz’, ‘Badrinath Ki Dulhania’ and ‘Chhichhore’, passed away due to Covid-19 complications.
➢ Apart from Bollywood movies, Patil also appeared in Marathi films such as ‘Te Aath Diwas’, Bayko Deta Ka Bayko’, ‘Prawaas’, ‘Pipsi’ and ‘Tujha Majha Arrange Marriage’.

9. Former Union Minister Ajit Singh has passed away recently belong to which political party ______ Rashtriya Lok Dal.
Note:

➢ He was the son of former Prime Minister of India, Chaudhary Charan Singh.
➢ Ajit Singh had served as Minister of Commerce & Industry under Prime Minister V. P. Singh; Minister of Food Processing Industries in P. V. Narasimha Rao’s cabinet; Minister of Agriculture in Atal Bihari Vajpayee’s government and Minister of Civil Aviation in Manmohan Singh’s cabinet.

10. Renowned personality V Kalyanam passed away recently, he was former personal secretary of ______ Mahatma Gandhi.
Note:

➢ Kalyanam was preserving letters written by Gandhiji, a cheque bearing his sign and other literature associated with him.
➢ He was proficient in Bengali, Gujarati, Hindi, Tamil and English.
➢ A staunch follower of Mahatma Gandhi, he was also associated with Rajaji in the 1960s.

Important Days

1. International Labour Day or International Workers’ Day or May Day observed every year on which date ______ 1st May.
Note:
➢ The day, dedicated to workers and labourers across the world.
➢ Labour Day has its origins in the labour union movement in the United States in the 19th Century when they demanded 8 hours working in a day.
➢ The first Labour Day in India was hosted by the Labour Kisan Party in Madras in 1923.

2. World Tuna Day is observed every year on which date ______ 2nd May.
Note:

➢ Its aim was to spotlight the importance of conservation management and make sure that a system is required in place to prevent tuna stocks from crashing.

3. World Press Freedom Day is observed globally every year on which date ______ 3rd May.
Note:

➢ The day also pays tribute to journalists who have lost their lives.
➢ They risk their lives at times or may even have to face tough situations in order to bring the news from different corners of the world in front of the public.
➢ This year’s World Press Freedom Day theme “Information as a Public Good”.

4. The International Firefighters’ Day (IFFD) is observed every year on which date ______ 4th May.
Note:

➢ The day is celebrated to recognise and honour the sacrifices that firefighters make to ensure that their communities and environment are as safe as possible.
➢ The day was instituted, after the deaths of five firefighters in tragic circumstances in a bushfire in Australia on 2 December 1998.

5. The World Hand Hygiene Day is observed every year on which date ______ 5th May.
Note:

➢ The day is organised by the World Health Organization (WHO) to raise awareness among people across the globe about the importance of hand hygiene in warding off many serious infections.
➢ The theme for 2021 is ‘"Achieving hand hygiene at the point of care’.

6. International Day of the Midwife is observed globally every year on which date ______ 5th May.
Note:

➢ This day is celebrated to recognise the work of midwives and raise awareness about the status of midwives for the essential care they provide to mothers and their newborns.
➢ The theme for 2021 International Day of the Midwife is “Follow the Data: Invest in Midwives.”

7. World Asthma Day is observed every year on which date ______ 5th May.
Note:

➢ The day is celebrated to raise awareness about the chronic disease and how it can be controlled with proper treatment.
➢ This year’s theme is ‘Uncovering Asthma Misconceptions’, which aims at clearing misconceptions related to the complications of asthma.

8. International No Diet Day is observed globally every year on which date ______ 6th May.
Note:

➢ International No Diet Day is observed on May 6, and its symbol is a light blue ribbon. It is an annual celebration of body acceptance, including fat acceptance and body shape diversity.
➢ It means recognising that your body is beautiful exactly as it is and worry less about your weight, body shape and more about being healthy and active.

Offer running on EduRev: Apply code STAYHOME200 to get INR 200 off on our premium plan EduRev Infinity!

Related Searches

Free

,

Summary

,

Important questions

,

Viva Questions

,

Objective type Questions

,

Sample Paper

,

shortcuts and tricks

,

Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev

,

MCQs

,

past year papers

,

ppt

,

Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev

,

pdf

,

Semester Notes

,

video lectures

,

Exam

,

practice quizzes

,

mock tests for examination

,

study material

,

Weekly Current Affairs (1st to 7th May 2021) Part - 1 Notes | EduRev

,

Previous Year Questions with Solutions

,

Extra Questions

;