Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 21 May 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Daily Quiz on Current Affairs by Gkseries – 21 May 2022
Current Affairs for Competitive Exam – 21 May 2022
Nirmala Sitharaman chaired 7th Annual Meeting of Board of Governors of NDB
Finance Minister, Nirmala Sitharamana has chaired the 7th Annual Meeting of Board of Governors of NDB through video-conferencing in New Delhi.
Theme 2022: “NDB: Optimising Development Impact”.
FM Sitharamana has mentioned that India’s economic growth in the current financial year has been robust and is estimated to be 8.9%.
Attended by: Brazil, China, Russia, South Africa and the newly joined members Bangladesh and UAE.
GeM signs MoU with SEWA to boost Women-led Enterprises
Government eMarketplace (GeM) and Self-Employed Women’s Association (SEWA) have signed an MoU for the advocacy, outreach, mobilization and capacity-building of last-mile women-led enterprises. The MoU was signed by the Chief Executive Officer of GeM P. K. Singh and Vice-President of SEWA Rehana Riyawala.
GeM will train SEWA members to assist and enable women-led small enterprises with GeM processes related to seller registration and onboarding on the platform.
G7 countries approves to provide financial support to Ukraine
Group of Seven (G7) countries have agreed to provide financial support to Ukraine to meet its immediate financing needs. The US Senate has approved a USD 40 billion package of military, economic and humanitarian assistance to Ukraine.
Christian Lindner (German Finance Minister) has announced a contribution of USD 1.1 billion to Ukraine’s budget. The European Commission has pledged up to USD 9.5 billion of macro-financial assistance in the form of loans.
China Plans World’s First Habitable Planet Search With Space Telescope
Chinese scientists have proposed a project to hunt for habitable Earth-like planets outside our solar system through a space telescope. This is will be the world’s first space mission specially designed to search for habitable planets in the universe. The proposed project will involve surveying the sky through a space-borne telescope to hunt for habitable planets about 32 light-years from Earth. The project, named Closeby Habitable Exoplanet Survey (CHES) would be the first space mission specially designed to search for habitable terrestrial planets around nearby Sun-like stars.
The exploration of habitable planets outside the solar system is one of the key frontiers of fundamental research in astronomy. The discovery of the nearby habitable worlds will be a great breakthrough for humankind, and will also help humans visit those Earth twins and expand our living space in the future.
According to a research professor from the Purple Mountain Observatory of the Chinese Academy of Sciences, Ji Jianghui, more than 5,000 exoplanets have been discovered and confirmed so far, including around 50 Earth-like planets in the habitable zone. However, most of these are hundreds of light-years away from Earth.
PM Modi to participate in Quad Summit in Tokyo
PM Narendra Modi will participate in the Quad Leaders’ Summit in Tokyo held on the 24th of May at the invitation of Japanese Prime Minister Fumio Kishida.
The summit will be attended by US President Joe Biden, Australian Prime Minister Scott Morrison, and Japanese Prime Minister Fumio Kishida. During this meet, PM Modi will also review the India- Australia Comprehensive Strategic Partnership with Mr Morrison and exchange views on global and regional developments.
India to introduce “made in India” skin test for TB
Union Health Minister Mansukh Mandaviya has announced to launch of a newly approved skin test for tuberculosis (TB) diagnosis called c-TB in the country while addressing the 35th board meeting of the Stop TB Partnership through video-conferencing.
This TB Kit will be cost-effective and provide immense benefit to other high burden countries as well.He also announced to launch of a new initiative “Adopt people with TB”.
World TB Day: 24 March
S&P cuts India growth forecast for FY23 to 7.3%
S&P Global Ratings cut India’s GDP projection for the current fiscal to 7.3% from 7.8% on rising inflation and the Russia-Ukraine conflict.
S&P Global Ratings suggestions: Central banks to raise rates more than what was currently priced in, risking a harder landing which includes a larger hit to output and employment.
- World Bank: 8%
- International Monetary Fund: 8.2%
- Asian Development Bank: 7.5%
- Reserve Bank of India: 7.2%
Assam Rifles, Axis Bank and NIEDO ink MoU to establish Centre of Excellence
Assam Rifles inked a Tripartite MoU with Axis Bank and National Integrity and Educational Development Organisation (NIEDO) to establish a Centre of Excellence and Wellness to secure a better future for the youth of Nagaland.
The centre named after Late Capt N Kenguruse MVC Centre of Excellence and Wellness will be located at Chieswema in Kohima district. Free residential coaching will be provided to 30 children from economically weaker sections of Nagaland.
HANSA-NG Aircraft successfully completed Engine Relight test in Air
HANSA-NG (flying trainer Aircraft) has successfully completed an in-flight engine relight test at DRDO’s Aeronautical Test Range (ATR) facility, Challakere, Karnataka.
The aircraft was designed & Developed by CSIR-National Aerospace Laboratories (CSIR-NAL). The flight test was carried out at an altitude of 7000-8000 feet with a speed range of 60 to 70 knots by Wg Cdr K V Prakash and Wg Cdr NDS Reddy.
NEFT, RTGS facility available for post office savings account holder
According to a Department of Post circular, the NEFT facility has been made available for Post Office Savings Accounts holders from May 18, 2022, and RTGS facility will be available from May 31, 2022.
This facility enables POSB customers to transfer funds to and from other bank accounts to POSB Accounts in DoP-CBS (DoP-CBS stands for Department of Posts – Core Banking Solutions).
SC orders constitution of 25 special courts for cheque bounce cases
The Supreme Court has ordered to constitute 25 special courts with a retired judge in five states for expeditious disposal of cheque bounce cases.
The special courts under the Negotiable Instruments Act will be set up in Maharashtra, Delhi, Gujarat, Uttar Pradesh and Rajasthan in view of a large number of pending cases.
The special courts shall follow the same procedure with respect to trial as mandated by the Criminal Procedure Code, 1973.
Skyroot Aerospace successfully test fires its rocket engine
Hyderabad-based space tech startup Skyroot Aerospace on May 19 announced the successful completion of a full duration test-firing of its Vikram-1 rocket engine, the country’s first privately designed and developed rocket. The company announced the completion of the milestone of full duration test-firing of its Vikram-1 rocket stage. The third stage, named Kalam-100 after former President APJ Abdul Kalam, was fired for a duration of 108 seconds.
About the test:
During the test, the rocket produced a peak vacuum thrust of 100 kN (about10 tons) showing its structure built with a high-strength carbon-fibre structure, solid fuel, Ethylene-Propylene-Diene terpolymers (EPDM) thermal protection system, and carbon ablative nozzle.
The rocket’s stage was tested at the facilities of Solar Industries India Ltd, one of the investors in Skyroot. This is the largest rocket stage ever designed, manufactured, and tested completely in the Indian private sector. The rocket stage is built with high-strength carbon fibre, solid fuel, EPDM thermal protection system, and carbon ablative nozzle, the statement said, adding that the stage has no moving parts and was manufactured using automation.
This is best in class rocket stage of this size, with record propellant loading and firing duration, and using all-carbon composite structures for delivering the best performance
